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Invesco Water Resources ETF T.PHO


Primary Symbol: PHO

The investment seeks to track the investment results (before fees and expenses) of the NASDAQ OMX US Water IndexSM (the underlying index). The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. The underlying index seeks to track the performance of companies that create products designed to conserve and purify water for homes, businesses and industries. The underlying index may include common stocks, ordinary shares, American depositary receipts (ADRs), shares of beneficial interest and tracking stocks. The fund is non-diversified.


NDAQ:PHO - Post by User

Invesco Water Resources ETF > Power of Earnings
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Comment by treehillon May 13, 2020 8:29am
153 Views
Post# 31021025

RE:RE:RE:RE:RE:RE:RE:RE:Power of Earnings

RE:RE:RE:RE:RE:RE:RE:RE:Power of EarningsGuidance at the 2019 end of year conference call was for revenues for the 1st quarter of 2020 to be $15m. Actual was $17.3m. So the acceleration of orders connected to COVID-19 that the news release refers to only actually applies to the $2.3m increase.

They said in the recent conference call that they expect a strong year but also indicated that revenues could be a bit uneven depending on which quarter sales actually fall into.

Digitel wrote:
"Our revenue performance exceeded guidance due to strong near-term industry demand and an acceleration of customer orders related to COVID-19, which occurred in late March." News release
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