Invesco Ltd. Q1 Earnings Retreat 25%

(RTTNews) - Invesco Ltd. (IVZ) released a profit for first quarter that declined compared to the same period last year.

The company said its profit dropped to $204.8 million, or $0.49 per share. This was down from $272.1 million, or $0.63 per share, in last year's first quarter.

Analysts had expected the company to earn $0.54 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 10.8% to $818.1 million. This was down from $917.5 million last year.

Invesco Ltd. earnings at a glance:

-Earnings (Q1): $204.8 Mln. vs. $272.1 Mln. last year. -Earnings Decline (Y-o-Y): -24.7% -EPS (Q1): $0.49 vs. $0.63 last year. -EPS Decline (Y-o-Y): -22.2% -Analysts Estimate: $0.54 -Revenue (Q1): $818.1 Mln vs. $917.5 Mln last year. -Revenue Change (Y-o-Y): -10.8%