Investing.com -- Bill Ackman's Pershing Square Inc (NYSE:PS) reported a third-quarter net loss as lower performance fees and higher expenses outweighed growth in recurring management-fee income. Still guessing which stocks will beat the market? Our AI portfolio updates monthly and is outperforming the S&P 500 by 118%. See this month's list » Pershing Square, the investment manager, reported a net loss attributable to the company of $19.9 million for the third quarter, compared with net income of $155.5 million a year earlier. Revenue fell 14.5% to $56.6 million, while total expenses rose to $76.7 million from $41.9 million. Unsure what to buy ahead of earnings? Our AI's recent pre-earnings calls delivered gains of +77% to +118% after results dropped.
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