Brookfield Asset Management (BAM) reported Q1 distributable earnings Tuesday of $0.40 per diluted share, up from $0.34 a year earlier.

Three analysts polled by FactSet expected $0.42.

Revenue for the quarter ended March 31 was $1.08 billion compared with $884 million a year earlier.

Three analysts surveyed by FactSet expected $1.32 billion.

Shares of the company fell 0.8% in recent premarket activity.