NOVATO, Calif. (AP) _ Hennessy Advisors Inc. (HNNA) on Tuesday reported fiscal first-quarter net income of $2.6 million.
The Novato, California-based company said it had profit of 35 cents per share.
The investment manager posted revenue of $10.2 million in the period.
Hennessy Advisors shares have increased nearly 4% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $10.45, a drop of 7.5% in the last 12 months.