Affiliated Managers Q4 Profit Beats View, But Revenues Miss - Quick Facts

(RTTNews) - Affiliated Managers Group, Inc.'s (AMG) fourth-quarter economic net income grew year-over-year to $202.9 million from $136.5 million in the year-ago period, and net income advanced to $158.2 million from $75.0 million in the year-ago quarter.

Economic earnings per share for the latest quarter were $3.66, compared to $2.55 in the year-ago period. Earnings per share rose to $2.79 from last year's $1.40. On average, 9 analysts polled by Thomson Reuters expected earnings per share of $3.09 for the quarter. Analysts' estimates typically exclude one-time items.

Quarterly revenue rose 21 percent to $594.0 million from $491.0 million in the year-ago period. Analysts had a consensus revenue estimate of $630.33 million.