Brookfield Asset Management (BAM) Misses Q3 EPS by 37c, Revenues Beat
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Brookfield Asset Management (NYSE: BAM) reported Q3 EPS of $0.10, $0.37 worse than the analyst estimate of $0.47. Revenue for the quarter came in at $16.25 billion versus the consensus estimate of $15.84 billion.
Bruce Flatt, CEO of Brookfield, stated, “Our third quarter results reflect the strength of both our operating businesses and our asset management franchise. We generated record operating FFO in the quarter, and over the last twelve months earned a record $2.8 billion of cash available for distribution and/or reinvestment, underlining the stability and continued growth of our cash flows. With over $75 billion of capital for deployment, our business is stronger than it has ever been.”
For earnings history and earnings-related data on Brookfield Asset Management (BAM) click here.
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