By Roshan Fernandez
Shares of Invesco rose after the investment firm beat Wall Street estimates for first-quarter sales and earnings per share.
The Atlanta company's stock ticked up about 11%, to $13.82, though the share price is down about 22% year to date.
Invesco reported about $171 million in net income, or 38 cents a share, for the quarter ended March 31, an increase from the $142 million, or 31 cents a share, that the company reported during the same period last year.
Stripping out one-time items, Invesco reported adjusted earnings per share of 44 cents. Analysts expected 38 cents.
The investment firm reported $1.53 billion in revenue, up from the $1.48 billion during the same period last year. Analysts expected $1.11 billion.
Invesco and Barings also announced a strategic product and distribution partnership for U.S. Wealth channels, which MassMutual intends to support with a $650 million initial investment.
Write to Roshan Fernandez at roshan.fernandez@wsj.com
(END) Dow Jones Newswires
April 22, 2025 12:36 ET (16:36 GMT)
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