Investing.com - Brookfield Asset Management reported second quarter earnings that missed analysts' expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of C$0.48 on revenue of C$22.52B. Analysts polled by Investing.com expected EPS of C$0.76 on revenue of C$17.15B. That compared to EPS of C$0.81 on revenue of C$17.31B in the same period a year earlier. The company had reported EPS of C$0.78 on revenue of C$20.51B in the previous quarter.
Brookfield Asset Management shares gained 0.84% to trade at C$66.09 in intra-day trade following the report.
For the year, Brookfield Asset Management shares are up 26.32%, outperforming the S&P/TSX which is up 15.83% year to date.
Brookfield Asset Management follows other major Services sector earnings this month
On Thursday, August 1, 2019, BCE Inc. reported second quarter EPS of C$0.94 on revenue of C$5.93B, compared to forecasts of EPS of C$0.9 on revenue of C$5.89B.
Rogers Communications earnings missed analyst's expectations on Tuesday, July 23, 2019, with second quarter EPS of C$1.16 on revenue of C$3.78B. Investing.com analysts expected EPS of C$1.17 on revenue of C$3.86B
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