AMG reports EPS of USD2.00, economic EPS of USD3.02.
M2 EQUITYBITES-November 3, 2016-AMG reports EPS of USD2.00, economic EPS of USD3.02
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Affiliated Managers Group, Inc. (NYSE: AMG) reported diluted earnings per share for the third quarter of 2016, were USD2.00, compared to USD1.96 for the same period of 2015, and economic earnings per share were USD3.02, compared to USD2.92 for the same period of 2015, the company said.
For the third quarter of 2016, net income was USD109.2 million, compared to USD107.7 million for the same period of 2015. For the third quarter of 2016, economic net income was USD164.5 million, compared to USD159.8 million for the same period of 2015.
For the nine months ended September 30, 2016, net income was USD321.1 million, and economic net income was USD491.0 million. For the nine months ended September 30, 2015, net income was USD362.0 million, and economic net income was USD491.4 million.
AMG is a global asset management company with equity investments in leading boutique investment management firms. AMG's innovative partnership approach allows each affiliate's management team to own significant equity in their firm while maintaining operational autonomy.
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|Publication:||M2 EquityBites (EQB)|
|Article Type:||Financial report|
|Date:||Nov 3, 2016|
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