BrightSphere Investment (BSIG) Tops Q3 EPS by 1c

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Go back to BrightSphere Investment (BSIG) Tops Q3 EPS by 1c

BrightSphere Reports Financial and Operating Results for the Third Quarter Ended September 30, 2018

November 1, 2018 8:00 AM EDT

U.S. GAAP EPS of $0.51 per share, up 200.0% from Q3 2017; U.S. GAAP earnings of $54.0 million, up 188.8% Economic net income EPS of $0.46 per share, an increase of 7.0% from Q3 2017 and economic net income of $48.8 million, an increase of 4.5% from Q3 2017 AUM of $237.7 billion at September 30, 2018, an increase of 1.5% from June 30, 2018 and an increase of 0.8% from September 30, 2017 Net client cash flows (NCCF) for the quarter of $(2.6) billion, including $(1.6) billion of hard asset disposals, yielding an annualized revenue impact of $4.7 million and NCCF for the nine-month period of... More