Yahoo Finance Invesco First Quarter 2024 Earnings: Misses Expectations
Invesco (NYSE:IVZ) First Quarter 2024 Results
Key Financial Results
Revenue: US$1.48b (up 4.0% from 1Q 2023).
Net income: US$141.5m (down 2.4% from 1Q 2023).
Profit margin: 9.6% (in line with 1Q 2023).
EPS: US$0.31 (down from US$0.32 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Invesco Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) also missed analyst estimates by 20%.
Looking ahead, revenue is expected to decline by 8.2% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in the US are expected to grow by 6.8%.
Performance of the American Capital Markets industry.
The company's shares are down 4.3% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Invesco that you should be aware of.
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