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Gamco Investors: 4Q Earnings Snapshot

RYE, N.Y. (AP) _ Gamco Investors Inc. (GBL) on Tuesday reported fourth-quarter profit of $23.3 million.

The Rye, New York-based company said it had profit of 81 cents per share. Earnings, adjusted for non-recurring gains, came to 59 cents per share.

The investment manager posted revenue of $81 million in the period.

For the year, the company reported profit of $117.2 million, or $4.07 per share. Revenue was reported as $341.5 million.

Gamco Investors shares have risen 23 percent since the beginning of the year.


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