Brookfield Business Partners (BBU) Misses Q2 EPS by 5c

Brookfield Business Partners (NYSE: BBU) reported Q2 EPS of $0.16, $0.05 worse than the analyst estimate of $0.21. Revenue for the quarter came in at $11.79 billion versus the consensus estimate of $11.87 billion.

“We are pleased with the strong operating performance we achieved during the quarter and the progress on our growth initiatives,” said Cyrus Madon, CEO of Brookfield Business Partners. “We announced the acquisition of a controlling interest in Genworth Canada and an investment in BrandSafway. We also reached an agreement to acquire the Teekay Offshore units which we did not already own and announced the sale of North American Palladium, furthering our capital recycling initiatives.”

For earnings history and earnings-related data on Brookfield Business Partners (BBU) click here.

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