MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, April 27, 2004 AMVESCAP Earnings Disappoint the Street The UK-based parent of AIM and INVESCO funds missed analyst earnings expectations by $0.01. The average First Call/Thomson analyst estimate of earnings per share was $0.22 for the first quarter. [View the earnings press release]. Net income was $132.3 million for the first quarter, up 73 percent from $76.6 million for the same period last year. Assets under management increased by 3 percent in the first quarter, from $370.6 billion to $381.4 billion. The $10.8 billion increase was due to $7.3 billion in asset appreciation, $6.1 billion in acquisitions, $0.9 billion in foreign currency, $1.5 billion in fund outflows and $2.0 billion loss in money market funds. Assets managed by AIM remained unchanged in the first quarter, while assets managed by INVESCO increased by 3 percent from $183 billion to $188.5 billion. The fund firm had a conference call discussing earnings on Tuesday morning. [View conf call information]. Printed from: MFWire.com/story.asp?s=7095 Copyright 2004, InvestmentWires, Inc. All Rights Reserved |