Q: Could you please comment on Brookfield Corp earnings. Thank You
5i Research Answer:
EPS of $1.00 beat estimates of 90c; Revenue of $17.94B beat estimates of $11.27B. Distributable earnings rose 27%. Total assets rose nicely to $491B. Operating cash flow per share was 98c vs estimates 84c. BN noted business momentumum was 'strong across core operations'. Guidance for 15% returns was affirmed. The conference call has not yet occurred but we see no areas of concern in the quarter and it looks good.