Invesco Posts Q3 Profit of $331.5 Million but Misses Analyst Estimates on Earnings and Revenue

Invesco PLC (IVZ) reported third-quarter net income of $331.5 million, or 65 cents per share, falling short of Wall Street expectations, the Atlanta-based investment manager said Tuesday. Adjusted earnings came to 72 cents per share, below the 75-cent average estimate of seven analysts surveyed by Zacks Investment Research. Revenue for the period totaled $1.87 billion, with adjusted revenue of $1.38 billion also missing the $1.4 billion forecast from four analysts polled by Zacks. The results mark a quarterly miss on both earnings and revenue for the investment management company.