Brookfield Corp (BN) shares plummeted 5.04% in intraday trading, despite the company reporting better-than-expected third-quarter earnings. The significant drop comes as investors appear to focus on the company's revenue decline, overshadowing positive aspects of the financial results.

The investment firm reported Q3 distributable earnings of $0.63 per share, surpassing analysts' expectations of $0.57 and showing an increase from $0.56 a year earlier. Brookfield's asset management business generated record fee-related earnings of $754 million, up 17% year-over-year. The company also reported strong fundraising, with inflows of $30 billion, marking its highest quarter in three years.

However, Brookfield's revenue for the quarter ended September 30 fell to $18.92 billion, down from $20.62 billion in the same period last year, representing an 8.3% decrease. This revenue decline, despite beating analyst estimates, seems to have spooked investors, leading to the sharp stock price drop. The market's reaction suggests concerns about the company's top-line growth and potential challenges in its operating environment, despite the strong bottom-line performance.