Invesco Ltd. Reports 14% Retreat In Q2 Bottom Line

(RTTNews) - Invesco Ltd. (IVZ) reported earnings for second quarter that lost ground compared to the same period last year.

The company said its bottom line totaled $233.0 million, or $0.56 per share. This was lower than $271.4 million, or $0.63 per share, in last year's second 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 8.5% to $856.6 million. This was down from $936.6 million last year.

Invesco Ltd. earnings at a glance:

-Earnings (Q2): $233.0 Mln. vs. $271.4 Mln. last year. -Earnings Decline (Y-o-Y): -14.1% -EPS (Q2): $0.56 vs. $0.63 last year. -EPS Decline (Y-o-Y): -11.1% -Analysts Estimate: $0.54 -Revenue (Q2): $856.6 Mln vs. $936.6 Mln last year. -Revenue Change (Y-o-Y): -8.5%