May. 8 at 1:26 PM
$AMG beats estimates but the stock is still a Sell! 🚨
💰 Q1 economic earnings of
$5.20/share outpaced the Zacks Consensus Estimate of
$5.10
📉 Revenues dropped to
$496.6M, missing expectations, while expenses surged 19.8%
📉 Net client cash outflows of
$0.4B raise concerns for future AUM growth
See why AMG’s growth story faces headwinds 👉
https://www.zacks.com/commentary/2465256/amg-q1-earnings-beat-estimates-as-aum-increases-stock-up?cid=sm-stocktwits-2-2465256-body&ADID=SYND_STOCKTWITS_TWEET_2_2465256_BODY
