HARTFORD, Conn. (AP) — HARTFORD, Conn. (AP) — Virtus Investment Partners Inc. (VRTS) on Friday reported second-quarter profit of $42.4 million.
The Hartford, Connecticut-based company said it had profit of $6.12 per share. Earnings, adjusted for one-time gains and costs, were $6.25 per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $6.21 per share.
The asset management company posted revenue of $210.5 million in the period. Its adjusted revenue was $191 million.
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