Invesco Q2 2024 Adj EPS $0.43 Beats $0.40 Estimate, Sales $1.086B Miss $1.089B Estimate
Portfolio Pulse from Benzinga Newsdesk
Invesco (NYSE: IVZ) reported Q2 2024 adjusted earnings per share (EPS) of $0.43, beating the analyst estimate of $0.40. However, sales of $1.086 billion missed the estimate of $1.089 billion. EPS increased by 38.71% year-over-year, while sales decreased by 0.46%.
July 23, 2024 | 11:02 am
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Invesco's Q2 2024 adjusted EPS of $0.43 beat estimates by 7.5%, showing strong profitability growth. However, sales of $1.086 billion slightly missed expectations, indicating a minor revenue shortfall. The EPS increase of 38.71% year-over-year is a positive sign, but the 0.46% decline in sales may raise some concerns.
The beat on EPS indicates strong profitability, which is a positive signal for investors. However, the slight miss on sales and the year-over-year decline in revenue may temper some of the enthusiasm. Overall, the positive EPS surprise is likely to have a more significant impact on the stock price in the short term.
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