Brookfield Corp (NYSE:BN) stock rose 0.58% (As on November 14, 11:26:29 AM UTC-4, Source: Google Finance) after the company beats the earning expectations for the third quarter of FY25. BN reported net income attributable to shareholders of US$219 million for its latest quarter, up from US$64 million a year ago. The company, which keeps its books in U.S. dollars, says the profit amounted to eight cents US per diluted share for the quarter ended Sept. 30, up from a profit of a penny US per share in the same quarter last year. Brookfield president Nick Goodman says the quarter was supported by record results in its asset management business, sustained organic growth across its wealth solutions operations and the resilience of its operating businesses. The company says it ended the quarter with a record US$178 billion of capital available to deploy into new investments.

Moreover, the asset management business delivered strong performance, with record fee-related earnings of $754 million, increasing 17% from prior year quarter. This growth was supported by strong fundraising momentum across our flagship and complementary strategies. The wealth solutions business achieved another quarter of robust growth, with distributable earnings increasing 15% year-over-year, supported by sustained organic growth and strong investment performance. The operating businesses continued to generate resilient and growing cash flows, reflecting the strength and quality of the underlying assets. During the quarter and LTM, earnings from realizations were $154 million and $642 million, with total DE for the quarter and the LTM of $1.5 billion ($0.63/share) and $6.0 billion ($2.54/share), respectively. Further, Fee-related earnings increased by 17% from the prior year quarter to a record $754 million, supported by fee-bearing capital of $581 billion. Total inflows during the quarter were $30 billion, the highest fundraising period in three years, including over $6 billion from our retail and wealth clients. The company has recently announced an agreement to acquire the remaining 26% interest in Oaktree. The company has received shareholder approval for the acquisition of U.K.-based Just Group, expected to close in the first half of 2026, subject to regulatory approvals

BN in the third quarter of FY25 has reported the adjusted earnings per share of 63 cents, beating the analysts’ estimates for the adjusted earnings per share of 60 cents, according to Zacks Investment Research. The company had reported the adjusted revenue of $18.92 billion in the third quarter of FY25, down from US$20.62 billion a year ago.