Investing.com - Brookfield Asset Management reported first quarter earnings that beat analysts' expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of C$0.78 on revenue of C$20.48B. Analysts polled by Investing.com forecast EPS of C$0.77 on revenue of C$14,083M. That compared to EPS of C$1.08 on revenue of C$16.18B in the same period a year earlier. The company had reported EPS of C$2.49 on revenue of C$21.32B in the previous quarter.
For the year, Brookfield Asset Management shares are up 19.17%, outperforming the S&P/TSX which is up 15.23% year to date.
Brookfield Asset Management follows other major Services sector earnings this month
On Thursday, May 2, 2019, BCE Inc. reported first quarter EPS of C$0.77 on revenue of C$5.73B, compared to forecasts of EPS of C$0.78 on revenue of C$5.72B.
Rogers Communications earnings missed analyst's expectations on Thursday, April 18, 2019, with first quarter EPS of C$0.78 on revenue of C$3.59B. Investing.com analysts expected EPS of C$0.92 on revenue of C$3.72B
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