BSIG - BrightSphere Investment GAAP EPS of $0.28 beats by $0.01 revenue of $91.8M misses by $0.1M
2023-05-04 07:51:37 ET
- BrightSphere Investment press release ( NYSE: BSIG ): Q1 GAAP EPS of $0.28 beats by $0.01 .
- Revenue of $91.8M (-18.2% Y/Y) misses by $0.1M .
- ContinuerollingoutSystematicCreditinitiativeasplannedandbuildingtrackrecordforEquity Alternativesafterseedingattheendof2022
- Continuedstronginvestmentperformancewith87%,86%and90%ofstrategiesbyrevenue beatingtheirbenchmarksovertheprior3-,5-,and10-yearperiods,respectively,asofMarch31, 2023
- TotalAUMof$97.5billionasofMarch31,2023,a4.2%increasefromDecember31,2022,driven bymarketappreciation
- Thirdstraightquarterofpositivenetflowswith$0.1billionofnetflowsforQ1'23;annualized revenueimpactfromQ1'23flowsof$1.0million
- Cashbalanceof$154.1million;expecttocontinuedeployingexcesscapitaltowardsupporting organicgrowthandforsharerepurchasesasopportunitiesallow.
- Shares +1.7% PM.
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BrightSphere Investment GAAP EPS of $0.28 beats by $0.01, revenue of $91.8M misses by $0.1M