Benzinga | Aug 13, 2020 07:21AM EDT

Recap: Brookfield Asset Mgmt Q2 Earnings

Shares of Brookfield Asset Mgmt (NYSE:BAM) rose 3.5% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share were down 219.44% over the past year to ($0.43), which may not compare to the estimate of $0.39.

Revenue of $12,829,000,000 declined by 24.20% year over year, which missed the estimate of $14,000,000,000.

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.

Conference Call Details

Date: Aug 13, 2020

Time: 11:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/go/bamQ2-2020

Technicals

52-week high: $68.41

52-week low: $27.25

Price action over last quarter: Up 16.83%

Company Description

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.