Affiliated Managers: Q1 Earnings Snapshot

WEST PALM BEACH Fla AP WEST PALM BEACH Fla AP Affiliated Managers Group Inc AMG on Thursday revealed first-quarter net income of million The West Palm Beach Florida-based company explained it had profit of per share Earnings adjusted for non-recurring costs came to per share The results exceeded Wall Street expectations The average estimate of six analysts surveyed by Zacks Financing Research was for earnings of per share The asset manager posted revenue of million in the period which fell short of Street forecasts Four analysts surveyed by Zacks expected million Affiliated Managers shares have dropped since the beginning of the year The stock has climbed in the last months This story was generated by Automated Insights http automatedinsights com ap using input from Zacks Funding Research Access a Zacks stock record on AMG at https www zacks com ap AMG Source