Invesco Ltd. (IVZ) Misses Q4 EPS by 6c, Revenues Beat
Invesco Ltd. (NYSE: IVZ) reported Q4 EPS of $0.64, $0.06 worse than the analyst estimate of $0.70. Revenue for the quarter came in at $1.74 billion versus the consensus estimate of $1.24 billion.
Update from Marty Flanagan, President and CEO
\"The integration of OppenheimerFunds has significantly strengthened our ability to meet client needs and achieve strong operating results on behalf of shareholders, including a 15.6% increase in net revenues and a 38.1% growth in AUM year over year.
"Long-term net outflows totaled $34.4 billion for 2019, which represented an improvement of 11.8% over the prior year. The firm is highly focused on delivering the additional capabilities achieved through the acquisition to the institutional and ex-US markets, which is helping to move the flow trend in a positive direction.
"We believe the further deepening of client relationships, expanded capabilities and additional scale achieved through the acquisition meaningfully enhanced our ability to grow our business, compete and win in a dynamic market environment.
"We're also pleased with the increased clarity on Brexit and US-China trade, both of which led investors to de-risk and put pressure on key parts of our business. Resolving these issues will help us build on the positive net flows we saw throughout 2019 in our business outside the Americas.
"Lastly, we're pleased to have returned $1.2 billion to shareholders during 2019, and remain focused on delivering a high level of value for our clients and shareholders while further positioning our business for long-term success."
For earnings history and earnings-related data on Invesco Ltd. (IVZ) click here.
