Shares of Invesco IVZ decreased 2.3% in pre-market trading after the company reported Q2 results.
Quarterly Results
Earnings per share increased 122.86% year over year to $0.78, which beat the estimate of $0.69.
Revenue of $1,303,000,000 higher by 26.02% from the same period last year, which beat the estimate of $1,280,000,000.
Outlook
Invesco hasn't issued any earnings guidance for the time being.
Invesco hasn't issued any revenue guidance for the time being.
Details Of The Call
Date: Jul 27, 2021
Time: 09:00 AM
Recent Stock Performance
Company's 52-week high was at $29.71
52-week low: $9.72
Price action over last quarter: down 10.03%
Company Profile
Invesco provides investment management services to retail (70% of managed assets) and institutional (30%) clients. At the end of May 2021, the firm had $1.505 trillion in assets under management spread out among its equity (52% of AUM), balanced (6%), fixed-income (21%), alternative investment (13%), and money market (8%) operations. Passive products account for 29% of Invesco's total AUM, including 47% of the company's equity operations and 14% of its fixed-income platform. Invesco's U.S. retail business is one of the 10 largest nonproprietary fund complexes in the country. The firm also has a meaningful presence outside the U.S., with close to one third of its AUM sourced from Canada (2%), the U.K. (5%), continental Europe (11%), and Asia (14%).
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