Invesco Q2 Profit Beats View; AUM Rises - Quick Facts

(RTTNews) - Invesco Ltd. (IVZ) on Thursday reported a 6 percent increase in profit for the second quarter from last year on higher revenues. Adjusted earnings per share beat analysts' estimates.

The company's second-quarter net income was $239.6 million or $0.58 per share, up from $225.5 million or $0.54 per share in the year-ago period.

Excluding items, adjusted earnings for the quarter were $0.64 per share, compared to $0.56 per share in the prior-year period.

On average, fourteen analysts polled by Thomson Reuters expected the company to earn $0.61 per share for the quarter. Analysts' estimates typically exclude special items.

Operating revenues for the quarter grew 5.5 percent to $1.25 billion from $1.19 billion in the year-ago period. Analysts had a consensus revenue estimate of $890.61 million.

Total assets under management or AUM at the end of the quarter were $858.3 billion, an increase of $23.5 billion during the second quarter. This also increased from $779.6 billion in at the end of the year-ago quarter.