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Artisan Partners: 1Q Earnings Snapshot

Artisan Partners: 1Q Earnings Snapshot

MILWAUKEE (AP) _ Artisan Partners Asset Management Inc. (APAM) on Tuesday reported first-quarter profit of $31.5 million.

On a per-share basis, the Milwaukee-based company said it had profit of 47 cents. Earnings, adjusted for non-recurring costs, were 55 cents per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 54 cents per share.

The investment management firm posted revenue of $187 million in the period.

Artisan Partners shares have risen 28% since the beginning of the year. The stock has declined 12% in the last 12 months.

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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 APAM at https://www.zacks.com/ap/APAM

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