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Manning & Napier: 4Q Earnings Snapshot

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FAIRPORT, N.Y. (AP) _ Manning & Napier Inc. (MN) on Tuesday reported fourth-quarter net income of $5.1 million, after reporting a loss in the same period a year earlier.

The Fairport, New York-based company said it had net income of 23 cents per share. Earnings, adjusted for non-recurring costs, came to 26 cents per share.

The investment management firm posted revenue of $33.5 million in the period.

For the year, the company reported profit of $10 million, or 29 cents per share. Revenue was reported as $127 million.

Manning & Napier shares have risen almost 3% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $6.45, more than tripling in the last 12 months.

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