CI Financial Q1 Adjusted Profit Edges Down as Revenue Climbs-February 2024-www.financetom.com

CI Financial Q1 Adjusted Profit Edges Down as Revenue Climbs

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CI Financial Q1 Adjusted Profit Edges Down as Revenue Climbs

May 10, 2024 6:37 AM

09:02 AM EDT, 05/10/2024 (MT Newswires) -- CI Financial ( CIXXF ) on Friday reported first-quarter adjusted earnings of $132.8 million, or $0.86 per diluted share, down from $136.8 million, or $0.74 per diluted share, a year earlier.

Analysts polled by Capital IQ expected $0.85.

Revenue for the quarter ended March 31 was $645.7 million, up from $637.8 million a year earlier. Three analysts surveyed by Capital IQ expected $765.3 million.

Adjusted EBITDA for Q1 was $289.3 million, up from $268.6 million a year earlier.

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