Market Overview

Brookfield Asset Mgmt: Q1 Earnings Insights

Share:

Shares of Brookfield Asset Mgmt (NYSE:BAM) decreased 0.68% in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share decreased 134.48% year over year to ($0.20), which may not compare to the estimate of $0.45.

Revenue of $16,586,000,000 rose by 9.06% from the same period last year, which missed the estimate of $18,450,000,000.

Outlook

Brookfield Asset Mgmt hasn't issued any earnings guidance for the time being.

Brookfield Asset Mgmt hasn't issued any revenue guidance for the time being.

Details Of The Call

Date: May 14, 2020

Time: 08:36 PM ET

Webcast URL: https://edge.media-server.com/mmc/go/bamQ1-2020

Technicals

Company's 52-week high was at $68.41

Company's 52-week low was at $27.25

Price action over last quarter: down 32.06%

Company Overview

Brookfield Asset Management Inc owns and manages commercial property, power, and infrastructure assets. Its investment focus includes Real Estate, Infrastructure, Renewable Power and Private Equity. Real Estate is made up of office and retail properties; Renewable power is made up of hydroelectric, wind, solar, and storage generating facilities; Infrastructure is made up of utilities, transport, energy, data infrastructure, and sustainable resource assets; and Private Equity is focused on business services, infrastructure services, and industrial operations. Brookfield has the greatest amount of assets in Real Estate and generates the most revenue through Private Equity. Located around the world, its assets are concentrated in the United States, Canada, Brazil, and Australia.

 

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Posted-In: Earnings News