RYE, N.Y. (AP) _ Gamco Investors Inc. (GBL) on Tuesday reported fourth-quarter profit of $24.4 million.
On a per-share basis, the Rye, New York-based company said it had profit of 91 cents. Earnings, adjusted for non-recurring costs, were 99 cents per share.
The investment manager posted revenue of $86.3 million in the period.
For the year, the company reported profit of $81.9 million, or $2.98 per share. Revenue was reported as $312.4 million.
Gamco Investors shares have decreased 14% since the beginning of the year.