Benzinga | Nov 12, 2020 07:17AM EST

Recap: Brookfield Asset Mgmt Q3 Earnings



Shares of Brookfield Asset Mgmt (NYSE:BAM) rose 0.8% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share decreased 89.01% over the past year to $0.10, which missed the estimate of $0.47.

Revenue of $16,249,000,000 declined by 9.10% year over year, which beat the estimate of $15,840,000,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Details Of The Call

Date: Nov 12, 2020

Time: 11:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/go/bamQ3-2020

Price Action

Company's 52-week high was at $68.41

Company's 52-week low was at $27.25

Price action over last quarter: Up 12.96%

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.