Artio Global Investors Inc. (ART) reported third quarter net loss attributable to Artio Global Investors of $412.42 million or $9.81 per share, compared to net income attributable to Artio Global Investors of $16.28 million or $0.39 per share last year.
The company posted adjusted net income of $27.9 million, or $0.47 per share, compared to $41.3 million, or $0.69 per share, for the third quarter of 2008.
On average, 6 analysts polled by Thomson Reuters expected the company to report earnings of $0.40 per share. Analysts' estimates typically exclude special items.
Total revenues and other operating income declined to $84.49 million from $106.53 million in the prior year quarter.
Four analysts estimated revenues of $81.62 million.
The Board of Directors did not declare a dividend on the common stock for the third quarter of 2009.
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