Brookfield Asset Management Inc. (BAM) revealed earnings for its first quarter that increased from the same period last year but missed the Street estimates.
The company's earnings totaled $581 million, or $0.36 per share. This compares with $441 million, or $0.28 per share, last year.
Excluding items, Brookfield Asset Management Inc. reported adjusted earnings of $654 million or $0.40 per share for the period.
Analysts on average had expected the company to earn $0.41 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 22.3% to $1.081 billion from $884 million last year.
Brookfield Asset Management Inc. earnings at a glance (GAAP) :
-Earnings: $581 Mln. vs. $441 Mln. last year.
-EPS: $0.36 vs. $0.28 last year.
-Revenue: $1.081 Bln vs. $884 Mln last year.
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