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Brookfield Asset Management Inc. Q2 adjusted earnings Beat Estimates

Brookfield Asset Management Inc. (BAM) reported a profit for its second quarter that advanced from last year.

The company's bottom line totaled $608 million, or $0.62 per share. This compares with $190 million, or $0.19 per share, in last year's second quarter.

Excluding items, Brookfield Asset Management Inc. reported adjusted earnings of $0.79 billion or $0.77 per share for the period.

Analysts had expected the company to earn $0.04 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 40.7% to $13.28 billion from $9.44 billion last year.

Brookfield Asset Management Inc. earnings at a glance:

-Earnings (Q2): $0.79 Bln. vs. $1.03 Bln. last year.
-EPS (Q2): $0.77 vs. $1.01 last year.
-Analysts Estimate: $0.04
-Revenue (Q2): $13.28 Bln vs. $9.44 Bln last year.

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