Brookfield Asset Management Posts $2.15 Billion in Q3 Revenue, Up 72%

Brookfield Asset Management Ltd. (BAM) posted third-quarter revenue of $2.15 billion, up 72% from a year earlier and $560 million above estimates, while non-GAAP earnings per share also topped forecasts.

Non-GAAP EPS was $0.47, exceeding estimates by $0.01. Fee-related earnings totaled $864 million, or $0.54 per share, for the quarter.

Over the trailing 12 months, fee-related earnings reached $3.3 billion, or $2.05 per share.