Investing.com - Brookfield Asset Management reported third quarter earnings that beat analysts' expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of C$1.21 on revenue of C$23.67B. Analysts polled by Investing.com anticipated EPS of C$0.58 on revenue of C$19.9B. That compared to EPS of C$0.14 on revenue of C$19.47B in the same period a year earlier. The company had reported EPS of C$0.48 on revenue of C$22.47B in the previous quarter.
Brookfield Asset Management shares gained 0.79% to trade at C$76.16 in intra-day trade following the report.
For the year, Brookfield Asset Management shares are up 45.57%, outperforming the S&P/TSX which is up 19.77% year to date.
Brookfield Asset Management follows other major Services sector earnings this month
On Thursday, October 31, 2019, BCE Inc. reported third quarter EPS of C$0.91 on revenue of C$5.98B, compared to forecasts of EPS of C$0.92 on revenue of C$5.97B.
Rogers Communications earnings missed analyst's expectations on Wednesday, October 23, 2019, with third quarter EPS of C$1.19 on revenue of C$3.75B. Investing.com analysts expected EPS of C$1.31 on revenue of C$3.87B
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