Brookfield Asset Management Inc (BAM)

[Investorman]

Brookfield Asset Mgmt beats by $0.11, beats on revs (BAM) 15.08 : Reports Q4 (Dec) earnings of $0.27 per share, $0.11 better than the First Call consensus of $0.16; revenues fell 4.8% year/year to $3.01 bln vs the $2.37 bln consensus. Co says, "Our renewable power and office property businesses both produced strong operating cash flows during the quarter, which led to the overall improvement in operating cash flows. The stable revenue profiles of these businesses should provide us with a strong earnings base for 2009 and beyond. In addition, we continue to bolster our capitalization and liquidity which, at over $3 bln of core liquidity, remains at historically high levels."