BrightSphere Investment (BSIG) Tops Q4 EPS by 5c

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BrightSphere Reports Financial and Operating Results for the Fourth Quarter and Year Ended December 31, 2018

February 7, 2019 8:00 AM EST

U.S. GAAP earnings per share of $0.22 for the quarter, compared to $(0.45) for the 2017 period, and $1.26 for the year compared to $0.04 for full-year 2017 ENI earnings per share of $0.43 for the quarter, down (2.3)% compared to the 2017 period, and $1.86 for the year, up 14.8% compared to the 2017 period AUM of $206.3 billion at December 31, 2018, down (15.1)% from December 31, 2017 Net client cash flows ("NCCF") for the quarter of $(5.7) billion with an annualized revenue impact of $(12.3) million; full year NCCF of $(10.5) billion with an annualized revenue impact of $(3.8)... More