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BrightSphere Investment Group: 4Q Earnings Snapshot

LONDON (AP) _ BrightSphere Investment Group (BSIG) on Thursday reported fourth-quarter net income of $23 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the London-based company said it had profit of 22 cents. Earnings, adjusted for non-recurring costs, came to 43 cents per share.

The asset manager posted revenue of $214.5 million in the period.

For the year, the company reported profit of $136.4 million, or $1.26 per share. Revenue was reported as $928.2 million.

BrightSphere Investment Group shares have dropped 27 percent since the beginning of the year. The stock has decreased 16 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BSIG at https://www.zacks.com/ap/BSIG