Invesco's (IVZ) Stock Slides Despite Q4 Earnings Beat, AUM Up
Invesco’s (IVZ) fourth-quarter 2023 adjusted earnings of 47 cents per share handily surpassed the Zacks Consensus Estimate of 38 cents. The bottom line grew 20.5% from the prior-year quarter.Shares of Invesco lost 3.1% in pre-market trading on persistent top-line weakness.Results benefited from an increase in assets under management (AUM) balance on decent inflows. However, a rise in operating expenses and lower revenues were the undermining factors.On a GAAP basis, net loss attributable to common sharehold ...