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published in Blogs
Aug 12, 2022
Brookfield Asset Management (BAM, $53.69) beats earnings expectations

Brookfield Asset Management (BAM, $53.69) beats earnings expectations

Brookfield Asset Management posted its second quarter earnings that surpassed analyst expectations, according to Zacks Consensus Estimate.

For the quarter ending June, the company’s adjusted earnings came in at $0.84 per share, beating the Zacks Consensus Estimate of $0.73 per share. Earnings were $0.49 per share a year ago.

Revenues of $23.26 billion for the quarter also beat the Zacks Consensus Estimate. The figure is also higher compared to the year-ago quarter’s $18.29 billion. The company has exceeded consensus revenue estimates two times over the last four quarters.

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