Invesco (IVZ) Dips on Q1 Earnings Miss, Y/Y Revenue Decline

Invesco’s (IVZ) first-quarter 2024 adjusted earnings of 33 cents per share lagged the Zacks Consensus Estimate of 40 cents. The bottom line declined 13.2% from the prior-year quarter.Shares of Invesco lost 1.2% in the pre-market trading on persistent top-line weakness. However, a full day’s trading session will depict a clearer picture.Results were primarily hurt by a decline in adjusted revenues, along with higher adjusted expenses. However, an increase in the assets under management (AUM) balance on decen ...