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Hennessy Advisors posts 2Q profit

NOVATO, Calif. (AP) _ Hennessy Advisors Inc. (HNNA) on Monday reported fiscal second-quarter earnings of $3.6 million.

The Novato, California-based company said it had net income of 47 cents per share.

The investment manager posted revenue of $13.2 million in the period.

Hennessy Advisors shares have fallen 20 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $16.91, a fall of 18 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 HNNA at https://www.zacks.com/ap/HNNA


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