Affiliated Managers Group Inc. (AMG) reported third-quarter net income of $17.769 million or $0.40 per share compared to $16.471 million or $0.39 per share last year.
Adjusted net income increased to $17.805 million from $16.519 million last year.
Cash net income decreased to $45.629 million or $1.05 per share from $52.804 million or $1.28 per share last year.
On average, 10 analysts polled by Thomson Reuters expected the company to report profit of $1.04 per share for the quarter. Analysts' estimates typically exclude special items.
Revenue decreased to $217.461 million from $290.824 million last year. Analysts expected revenue of $227.88 million for the quarter.
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