Brookfield Logs Profit, Higher Revenue in 4Q
Provided by
Dow Jones
By Adriano Marchese
Brookfield swung to a profit and reported higher revenue in the fourth quarter.
The Canadian alternative investment management company on Thursday reported a net income of $699 million, or 42 cents a share, compared with a loss of $316 million, or 23 cents a share, a year earlier.
Revenues rose to $24.5 billion from $24.2 billion.
President Nick Goodman said that the company's asset management business saw very strong fundraising momentum, and its insurance solutions business had a transformational year, while the operating businesses continued to show resilience.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
February 08, 2024 08:10 ET (13:10 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
Which AI Stocks Are Turning Hype Into Revenue?
-
Best- and Worst-Performing Stocks of May 2024
-
3 Stocks to Buy and 3 Stocks to Sell in June
-
Markets Brief: Friday’s Job Report in Focus
-
These Stocks Are (Still) Powering the Bull Market
-
5 Undervalued Energy Stocks to Play the AI Data Center Demand Boom
-
After Earnings, Is Lowe’s Stock a Buy, Sell, or Fairly Valued?
-
5 Stocks With the Largest Fair Value Estimate Cuts After Q1 Earnings
-
After Earnings, Is MongoDB Stock a Buy, a Sell, or Fairly Valued?
-
Where We See Opportunities in June as Stocks Recover Losses
-
10 Top-Performing Dividend Stocks of the Month
-
10 Cheap Dividend-Growth Stocks to Buy
-
Manager: Nvidia Will Be Biggest Company in the World
-
The Best Utilities Stocks to Buy
-
3 Cheap Dividend Stocks to Buy Yielding 4% or More
-
After Earnings, Is Salesforce Stock a Buy, Sell, or Fairly Valued?