Tue, Jan 24, 2023 7:20 AM
STATS Perform dba Automated Insights
ATLANTA (AP) _ Invesco PLC (IVZ) on Tuesday reported fourth-quarter profit of $247 million.
On a per-share basis, the Atlanta-based company said it had profit of 41 cents. Earnings, adjusted for one-time gains and costs, were 39 cents per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 36 cents per share.
The investment management company posted revenue of $1.44 billion in the period. Its adjusted revenue was $1.11 billion, which also topped Street forecasts. Four analysts surveyed by Zacks expected $1.06 billion.
For the year, the company reported profit of $920.7 million, or $1.49 per share. Revenue was reported as $4.64 billion.