Invesco reports Q3 adjusted EPS 61c, consensus 44c

Reports Q3 revenue $1.19B, consensus $1.18B. The company said, “We continue to perform well against our strategic priorities, leveraging Invesco’s (IVZ) unique position to drive growth in the highest opportunity regions, channels and asset classes. We reached record assets under management of $2.1 trillion with strong net long-term inflows of nearly $29 billion, or 8% annualized organic growth. Even more encouraging was the breadth of inflows, reflecting our diversified and scaled global platform. We continued to generate significant positive operating leverage and operating margin improvement as long-term assets under management grew 16% over last year, driving revenue growth, while expenses were well managed. We reduced debt during the quarter while making ongoing common share repurchases as we remain focused on strengthening the balance sheet and returning capital to shareholders.”