Artisan Partners Asset Q3 2024 Adj. EPS $0.92 Beats $0.90 Estimate, Sales $279.600M Miss $279.700M Estimate
Portfolio Pulse from Benzinga Newsdesk
Artisan Partners Asset Management reported Q3 2024 earnings per share of $0.92, surpassing the analyst estimate of $0.90. However, their sales of $279.6 million slightly missed the expected $279.7 million, though it represents a 12.42% increase from the previous year.
October 29, 2024 | 8:32 pm
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POSITIVE IMPACT
Artisan Partners Asset Management's Q3 2024 earnings per share exceeded expectations, but sales slightly missed estimates. Despite the sales miss, there was a significant year-over-year increase in sales.
The positive earnings surprise is likely to have a favorable impact on the stock price in the short term, as EPS exceeded expectations. The slight miss in sales is unlikely to overshadow the earnings beat, especially given the strong year-over-year sales growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100