Invesco Q3 2024 Adj. EPS $0.44 Beats $0.43 Estimate, Sales $1.104B Miss $1.107B Estimate
Portfolio Pulse from Benzinga Newsdesk
Invesco reported Q3 2024 earnings per share of $0.44, surpassing the estimate of $0.43, but its sales of $1.104 billion slightly missed the $1.107 billion estimate. Sales increased by 0.55% compared to the same period last year.
October 22, 2024 | 10:58 am
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NEUTRAL IMPACT
Invesco's Q3 2024 earnings per share of $0.44 exceeded expectations, but sales of $1.104 billion fell short of estimates. Despite the sales miss, there was a year-over-year increase in sales.
Invesco's earnings per share beat expectations, which is a positive indicator for the stock. However, the slight miss in sales estimates and the minimal year-over-year sales growth may neutralize the positive impact of the EPS beat. This mixed result suggests a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100