Affiliated Managers Group Q2 Profit Up ; Results Top Estimates - Quick Facts

(RTTNews) - Affiliated Managers Group Inc. (AMG) said that its second quarter net income attributable to controlling interest rose to $100.1 million, from $64.7 million for the same period of 2013. Earnings per share for the second quarter were $1.77, compared to $1.18 last year.

Economic net income attributable to controlling interest was $149.8 million, compared to $121.1 million for the same period of 2013. Quarterly economic earnings per share were $2.65, compared to $2.18 for the same period of 2013. Analysts polled by Thomson Reuters expected the company to report earnings of $2.60 per share for the quarter. Analysts' estimates typically exclude special items.

Revenue for the quarter grew to $636.3 million from $541.0 million last year. Wall Street expected revenues of $630.56 million for the quarter.