Ameriprise Financial Reports Q3 Revenue Beat Amid Non-GAAP EPS Miss
Ameriprise Financial (AMP) reported third-quarter financial results characterized by a divergence between top and bottom-line performance. The company achieved revenue of $5.19 billion, representing a 6.1% year-over-year increase and exceeding analyst expectations by $110 million. However, the firm's Non-GAAP earnings per share (EPS) of $11.26 fell short of consensus estimates by $0.51. Despite the earnings miss, Ameriprise saw significant growth in its scale, with assets under management, administration, and advisement rising 8% to reach $1.8 trillion.
Topics: assets under management earnings miss financial results revenue beat