Invesco Q1 2024 Adj EPS $0.33 Misses $0.40 Estimate, Sales $1.05B Miss $1.09B Estimate
Portfolio Pulse from Benzinga Newsdesk
Invesco reported Q1 2024 adjusted EPS of $0.33, missing the $0.40 estimate, and sales of $1.05B, below the $1.09B estimate. This represents a 2.14% decrease in sales compared to the same period last year.
April 23, 2024 | 11:00 am
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NEGATIVE IMPACT
Invesco's Q1 2024 earnings and sales missed analyst estimates, with a notable year-on-year decrease in sales.
Missing both earnings and sales estimates typically leads to negative investor sentiment in the short term. The year-on-year decrease in sales further compounds concerns about the company's growth trajectory, likely leading to downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100