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Rating:Invesco's Q4 Profit Falls 82 Percent Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, January 30, 2009

Invesco's Q4 Profit Falls 82 Percent

by: Armie Margaret Lee

Invesco, whose subsidiaries include Aim and PowerShares, saw net income fall 82 percent in the three months ended December 31. The Atlanta-based firm earned $31.9 million, or 8 cents a share, down from $175.9 million, or 43 cents, in the year-ago period.

Not counting charges for some savings initiatives, investment write-downs and foreign exchange losses, which reduced earnings by 9 cents a share, Invesco's numbers met analysts' expectations, according to Reuters Estimates.

Invesco's AUM at the end of December totaled $357.2 billion, down from $409.6 billion in end-September. The market downturn accounted for a $33.7 billion decline in AUM during the quarter. 

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