Invesco Q4 Adjusted EPS $0.47 Beats $0.40 Estimate, Sales $1.05B Miss $1.12B Estimate
Portfolio Pulse from Benzinga Newsdesk
Invesco (NYSE:IVZ) reported Q4 adjusted EPS of $0.47, surpassing the $0.40 estimate, marking a 20.51% year-over-year increase. However, sales of $1.05B fell short of the $1.12B estimate, a 5.60% decrease from the previous year.
January 23, 2024 | 11:57 am
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Invesco's Q4 earnings beat estimates with an EPS of $0.47, but sales missed expectations, reporting $1.05B against an estimated $1.12B.
While Invesco's EPS beat may be viewed positively, the sales miss could raise concerns about growth and revenue generation. The mixed results present a neutral short-term outlook as the market digests both the positive earnings surprise and the negative sales performance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100