Affiliated Managers Q3 Profit Rises, Beats View - Quick Facts

(RTTNews) - Affiliated Managers Group, Inc.'s (AMG) third-quarter 2013 economic net income grew year-over-year to $121.8 million, from $101.2 million, and net profit advanced to $75.2 million, from $54.9 million in the 2012 period.

For the recent quarter, economic earnings per share were $2.19, compared with $1.91 a year ago, while earnings per share rose to $1.37, from last year's $1.04. On average, 9 analysts polled by Thomson Reuters expected earnings per share of $2.15 for the quarter. Analysts' estimates typically exclude one-time items.

Quarterly revenue of $551.6 million, was higher than the prior-year figure of $467.3 million, while 7 analysts estimated revenues of $556.95 million.