Earnings Snapshot: Virtus Investment Partners reports $35.4 million fiscal Q4 profit
The Hartford, Connecticut-based Virtus Investment Partners made $4.77 profit per share
By AP News
Published - Feb 03, 2023, 07:21 AM ET
Last Updated - Jun 22, 2023, 11:24 PM EDT
HARTFORD, Conn. (AP) _ Virtus Investment Partners Inc. (VRTS) on Friday reported earnings of $35.4 million in its fourth quarter.
The Hartford, Connecticut-based company said it had profit of $4.77 per share. Earnings, adjusted for one-time gains and costs, were $5.17 per share.
The asset management company posted revenue of $198.4 million in the period. Its adjusted revenue was $176.3 million.
For the year, the company reported profit of $117.5 million, or $15.50 per share. Revenue was reported as $782.9 million.