- Oops!Something went wrong.Please try again later.
MILWAUKEE (AP) _ Artisan Partners Asset Management Inc. (APAM) on Tuesday reported fourth-quarter profit of $73.1 million.
The Milwaukee-based company said it had net income of $1.15 per share. Earnings, adjusted for one-time items, were $1.06 per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.01 per share.
The investment management firm posted revenue of $261.1 million in the period.
For the year, the company reported profit of $212.6 million, or $3.40 per share. Revenue was reported as $899.6 million.
Artisan Partners shares have risen 1% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $50.84, a climb of 51% in the last 12 months.