Invesco: 4Q Earnings Snapshot

·1-min read

ATLANTA (AP) _ Invesco PLC (IVZ) on Tuesday reported fourth-quarter earnings of $270.3 million.

On a per-share basis, the Atlanta-based company said it had net income of 46 cents. Earnings, adjusted for one-time gains and costs, were 72 cents per share.

The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 57 cents per share.

The investment management company posted revenue of $1.63 billion in the period.

For the year, the company reported profit of $761.6 million, or $1.13 per share. Revenue was reported as $6.15 billion.

Invesco shares have climbed 21% since the beginning of the year, while the Standard & Poor's 500 index has increased almost 3%. The stock has risen 14% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IVZ at https://www.zacks.com/ap/IVZ