Affiliated Managers: Q1 Earnings Snapshot

WEST PALM BEACH, Fla. (AP) — WEST PALM BEACH, Fla. (AP) — Affiliated Managers Group Inc. (AMG) on Monday reported first-quarter earnings of $149.8 million.

On a per-share basis, the West Palm Beach, Florida-based company said it had profit of $4.14. Earnings, adjusted for non-recurring costs, came to $5.37 per share.

The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $5.21 per share.

The asset manager posted revenue of $499.9 million in the period, missing Street forecasts. Four analysts surveyed by Zacks expected $524.5 million.

Affiliated Managers shares have risen almost 6% since the beginning of the year. The stock has climbed 16% in the last 12 months.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on AMG at

Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

Federal News Network Logo
Log in to your WTOP account for notifications and alerts customized for you.

Sign up