Affiliated Managers Group Q4 Adj EPS $6.86 Beats $6.02 Estimate, Sales $502.70M Miss $524.98M Estimate
Portfolio Pulse from Benzinga Newsdesk
Affiliated Managers Group (AMG) reported Q4 adjusted EPS of $6.86, surpassing the $6.02 estimate, but sales of $502.70M fell short of the $524.98M estimate. This represents a 5.77% decrease in earnings and a 6.84% decrease in sales from the same period last year.
February 05, 2024 | 11:56 am
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AMG reported a mixed Q4 with earnings beating estimates but sales missing expectations, indicating a decrease from the previous year.
The mixed results with an earnings beat but a miss on sales could lead to neutral short-term stock price movement. Investors might be encouraged by the earnings beat, but concerned about the sales miss and year-on-year declines.
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