Invesco Ltd. (IVZ) Misses Q4 EPS by 11c

Invesco Ltd. (NYSE: IVZ) reported Q4 EPS of $0.44, $0.11 worse than the analyst estimate of $0.55. Revenue for the quarter came in at $919.2 million versus the consensus estimate of $920.25 million.

"Invesco's fourth-quarter operating results reflect market declines and a challenging investment environment at the end of 2018," said Martin L. Flanagan, President and CEO of Invesco. "We're seeing early signs of improved performance in our US mutual funds - through Jan. 15 the percentage of assets in the top half of peer groups on a trailing one-year basis improved by more than 30 percentage points when compared to Nov. 30 - reflecting an improving environment for active managers.

"We also made considerable progress toward our combination with OppenheimerFunds during the quarter and are on track to meet our expense synergy target of $475 million," Mr. Flanagan added. "The combination will further accelerate the firm\'s growth initiatives, strengthen Invesco's scale and client relevance, expand our comprehensive suite of differentiated investment capabilities and provide compelling financial returns for shareholders. We anticipate the transaction will close by the end of the second quarter."

For earnings history and earnings-related data on Invesco Ltd. (IVZ) click here.

You May Also Be Interested In

• Primoris cuts 2026 outlook on renewables cost overruns, COO exits
• Comfort Systems USA names new COO and Chief Strategy Officer
• Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings