Brookfield Asset Management Q2 2024 GAAP EPS $0.30 May Not Compare To $0.79 Estimate, Sales $916.00M Miss $1.24B Estimate
Portfolio Pulse from Benzinga Newsdesk
Brookfield Asset Management reported Q2 2024 GAAP EPS of $0.30, which did not compare to the estimated $0.79. The company also reported sales of $916.00M, missing the $1.24B estimate.
August 07, 2024 | 11:21 am
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NEGATIVE IMPACT
Brookfield Asset Management's Q2 2024 earnings and sales missed estimates significantly, with GAAP EPS at $0.30 versus the expected $0.79 and sales at $916M versus the expected $1.24B.
The significant miss in both earnings per share and sales is likely to negatively impact Brookfield Asset Management's stock price in the short term. Investors typically react unfavorably to such discrepancies between actual and expected financial performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100