Affiliated Managers Q1 Profit Rises, Tops View - Quick Facts

(RTTNews) - Affiliated Managers Group, Inc.( AMG) Tuesday reported first-quarter net income of $77.2 million or $1.40 per share compared with $62.4 million or $1.15 for the same period in 2013. For the quarter, economic net income totaled $137.9 million or $2.48 per share. On average, 9 analysts polled by Thomson Reuters expected earnings per share of $2.38 for the quarter. Analysts' estimates typically exclude one-time items. The company's quarterly revenues advanced to $593.1 million from $502.2 million in the prior-year period. Seven analysts estimated revenues of $607.83 million for the quarter.