Invesco Q3 Profit Declines

(RTTNews) - Invesco Ltd. (IVZ) reported that its net income attributable to the company for the third-quarter 2015 declined to $249.3 million and $0.58 per share, from last year's $256.0 million and $0.59 per share.

Adjusted net income per share declined to $0.61 from $0.64 per share in the prior year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.62 per share for the quarter. Analysts' estimates typically exclude special items.

Total operating revenues for the quarter dropped to $1.27 billion from $1.31 billion in the prior year. Adjusted net revenues decreased to $903.0 million from $913.7 million in the previous year. Wall Street analysts had a consensus revenue estimate of $906.85 million.

Total assets under management (AUM) at September 30, 2015, were $755.8 billion (June 30, 2015: $803.6 billion), a decrease of $47.8 billion during the third quarter.