Brookfield Shares Slip After $0.14 Q2 EPS Miss, as Revenue Rises 7%
Updated
Updated · Yahoo Finance · Aug 13
Brookfield Shares Slip After $0.14 Q2 EPS Miss, as Revenue Rises 7%
3 articles · Updated · Yahoo Finance · Aug 13
Summary
Brookfield shares edged 0.13% lower in premarket trading after the investment group posted adjusted second-quarter EPS of $0.14, missing the $0.65 analyst consensus by $0.51.
$19.4 billion in quarterly revenue rose 7% from a year earlier, while distributable earnings before realizations climbed 15% to $1.4 billion, or $0.61 a share.
Record fundraising helped offset the earnings miss: asset-management fee-related earnings increased 20%, quarterly fundraising hit $77 billion, and fee-bearing capital reached $672 billion.
Wealth solutions earnings rose 23% with organic inflows and a full-quarter contribution from Just Group, while Brookfield said it raised $98 billion, deployed $100 billion and monetized $40 billion in the first half.