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Invesco Ltd. (IVZ) Tops Q1 EPS by 3c

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April 30, 2015 7:38 AM EDT

Invesco Ltd. (NYSE: IVZ) reported Q1 EPS of $0.63, $0.03 better than the analyst estimate of $0.60. Revenue for the quarter came in at $917.5 million versus the consensus estimate of $894.34 million.

Assets Under Management

Total assets under management (AUM) at March 31, 2015, were $798.3 billion (December 31, 2014: $792.4 billion), an increase of $5.9 billion during the first quarter. Total net inflows were $1.7 billion for the first quarter, as detailed below:

Summary of net flows (in billions)

Q1-15

Q4-14

Q1-14

Active

$6.8

$0.9

$3.2

Passive

3.5

1.6

3.3

Long-term net flows

10.3

2.5

6.5

Invesco PowerShares QQQ

(2.6)

(3.2)

(1.3)

Money market

(6.0)

—

(6.1)

Total net flows

$1.7

($0.7)

($0.9)

Net market gains led to a $14.4 billion increase in AUM during the first quarter, compared to a $10.5 billion increase in the fourth quarter 2014. Foreign exchange rate movements led to a $9.5 billion decrease in AUM during the first quarter, compared to a $7.0 billion decrease in the fourth quarter 2014. Average AUM during the first quarter were $795.4 billion, compared to $789.8 billion for the fourth quarter 2014, an increase of 0.7%. Further analysis is included in the supplementary schedules to this release.

For earnings history and earnings-related data on Invesco Ltd. (IVZ) click here.


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