TORONTO (AP) — TORONTO (AP) — Brookfield Corporation (BN) on Thursday reported third-quarter net income of $1.31 billion.

On a per-share basis, the Toronto-based company said it had net income of 54 cents. Earnings, adjusted for non-recurring costs, were 73 cents per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 72 cents per share.

The asset management company posted revenue of $20.69 billion in the period.

Brookfield Corp. shares have decreased slightly more than 8% since the beginning of the year. The stock has dropped almost 9% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BN at https://www.zacks.com/ap/BN