Focus Financial Partners Reports Second Quarter 2020 Results
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Focus Financial Partners Inc. (FOCS) Tops Q2 EPS by 10c, Revenues Beat
August 6, 2020 9:03 AM EDTFocus Financial Partners Inc. (NASDAQ: FOCS) reported Q2 EPS of $0.71, $0.10 better than the analyst estimate of $0.61. Revenue for the quarter came in at $313.1 million versus the consensus estimate of $301.44 million.
Second Quarter 2020 Highlights
Total revenues of $313.1 million, 3.8% growth year over yearOrganic revenue growth(1) rate essentially flat year over yearGAAP net income of $3.3 million, 7.3% growth year over yearGAAP basic and diluted net income per share attributable to common shareholders of $0.05 and $0.03, respectivelyAdjusted Net Income(2) of $54.3 million, 31.7% growth year over yearAdjusted Net Income Per Share(2) of $0.71, 29.1% growth year over... More