UPDATE: Invesco Reports 8% Rise In Q3 Net Income, Announces Dividend

Invesco Ltd

reported an 8% rise in its third-quarter net income. Invesco reported its quarterly earnings at $166.9 million, or $0.36 per share, up from $154.7 million, or $0.32 per share, in the year-ago period. Excluding certain items, Invesco's earnings came in at $0.42 per share. However, analysts were expecting earnings of $0.41 per share. Its revenue gained 4% to $706.1 million from $681.9 million. Investment management fees climbed to $804.1 million from $748.7 million. However, service and distribution fees fell to $189.1 million from $191.6 million, while performance fees surged to $3 million from $2.5 million. Invesco announced a Q3 dividend of 12.25 cents per share. Invesco shares closed at $18.74 on Friday.