India, April 22 -- Invesco Ltd. (IVZ), an independent investment management firm, Tuesday reported higher profit for the first quarter primarily helped by growth in revenue. Earnings also beat the Street expectations. Following the news, the company's shares were more than 4% up in pre-market.
Net income for the three-month period increased to $171.1 million or $0.38 per share from $141.5 million or $0.31 per share a year ago.
Excluding one-time items, earnings were $200.5 million or $0.44 per share, that beat the analysts' average estimate of $0.38 per share. Analysts' estimates typically exclude special items.
Operating income was registered at $277.3 million, 30.1% up from $213.1 million in the prior year.
Operating revenues also ros...