Affiliated Managers Group Q2 2024 Adj EPS $4.67 Beats $4.61 Estimate, Sales $500.300M Miss $518.027M Estimate
Portfolio Pulse from Benzinga Newsdesk
Affiliated Managers Group (NYSE: AMG) reported Q2 2024 adjusted EPS of $4.67, beating the estimate of $4.61. However, sales of $500.3M missed the $518.027M estimate and decreased by 2.38% from last year.
July 29, 2024 | 11:02 am
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Affiliated Managers Group reported Q2 2024 adjusted EPS of $4.67, beating the estimate of $4.61. However, sales of $500.3M missed the $518.027M estimate and decreased by 2.38% from last year.
While AMG's EPS beat expectations, the miss on sales and the year-over-year decline in revenue may offset the positive sentiment from the EPS beat. This mixed result is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100