BrightSphere Investment (BSIG) Tops Q2 EPS by 2c

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Go back to BrightSphere Investment (BSIG) Tops Q2 EPS by 2c

BrightSphere Reports Financial and Operating Results for the Second Quarter Ended June 30, 2018

August 2, 2018 7:56 AM EDT

U.S. GAAP EPS of $0.02 per share, down (81.8)% from Q2 2017; U.S. GAAP earnings of $2.1 million, down (83.7)% Economic net income EPS of $0.47 per share, an increase of 11.9% from Q2 2017 and economic net income of $50.5 million, an increase of 8.4% from Q2 2017 AUM of $234.3 billion at June 30, 2018, a decrease of (2.4)% from March 31, 2018 and a decrease of (9.5)% from June 30, 2017, including the divestiture of Heitman Net client cash flows (NCCF) for the quarter of $(4.1) billion yielding an annualized revenue impact of $(15.2) million and NCCF for the six-month period of $(2.2) billion yielding an annualized revenue... More