Overview
Investment adviser reported Q3 revenue up 31% yr/yr and 10% sequentially
Net income turned positive to $2.7 mln, with EPS at $0.23 after prior losses
Revenue growth driven by gold and natural resources strategies
Outlook
Company did not provide specific financial guidance for the current or future periods
Result Drivers
GOLD AND NATURAL RESOURCES STRATEGIES - Co said higher gold prices and strong performance in gold and natural resources funds drove growth in average assets under management
DEFENSE AND TECH ETF INFLOWS - Co said its Technology and Aerospace & Defense ETF (WAR) nearly doubled assets under management as investor interest increased
RESILIENT AIRLINE AND SHIPPING DEMAND - Co said airline and shipping ETFs benefited from steady passenger and freight demand despite fuel price and geopolitical concerns
Company press release: ID:nGNXGNd4z
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EPS
$0.23
Q3 Net Income
$2.70 mln
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)