Invesco Ltd. (IVZ) Misses Q1 EPS by 5c
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Invesco Reports Results for the Three Months Ended March 31, 2016
April 28, 2016 6:55 AM EDTATLANTA, April 28, 2016 /PRNewswire/ -- Invesco Ltd. (NYSE: IVZ) today reported financial results for the three months ended March 31, 2016.
"During a challenging time for the industry, Invesco's net revenues declined 11% year over year," said Martin L. Flanagan, president and CEO. "During the quarter, Invesco remained focused on delivering strong, long-term investment performance while running a disciplined business. Total adjusted operating expenses declined nearly 6% year over year, and we further enhanced the efficiency of our global operating platform by expanding resources in our global shared service centers. Reflecting our continued... More
