Investing.com - GCM Grosvenor reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
GCM Grosvenor announced earnings per share of $0.11 on revenue of $137.21M. Analysts polled by Investing.com anticipated EPS of $0.12 on revenue of $89.33M.
GCM Grosvenor shares are down 28.9% from the beginning of the year, still down 31.99% from its 52 week high of $12.38 set on November 16, 2021.
GCM Grosvenor shares gained 5.25% in intra-day trade following the report.
GCM Grosvenor follows other major Financial sector earnings this month
GCM Grosvenor's report follows an earnings missed by Berkshire Hathaway A on Saturday, who reported EPS of $-1,832 on revenue of $76.9B, compared to forecasts EPS of $4,518.39 on revenue of $74.9B.
JPMorgan had beat expectations on October 14 with third quarter EPS of $3.12 on revenue of $32.72B, compared to forecast for EPS of $2.92 on revenue of $32.13B.
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