HARTFORD, Conn. (AP) — HARTFORD, Conn. (AP) — Virtus Investment Partners Inc. (VRTS) on Friday reported fourth-quarter earnings of $35.5 million.
On a per-share basis, the Hartford, Connecticut-based company said it had profit of $5.17. Earnings, adjusted for non-recurring costs, were $6.50 per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $6.41 per share.
The asset management company posted revenue of $208 million in the period. Its adjusted revenue was $188.9 million.
For the year, the company reported profit of $138.4 million, or $19.97 per share. Revenue was reported as $774.2 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VRTS at https://www.zacks.com/ap/VRTS
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