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Manning & Napier: 4Q Earnings Snapshot

FAIRPORT, N.Y. (AP) _ Manning & Napier Inc. (MN) on Wednesday reported a fourth-quarter loss of $366,000, after reporting a profit in the same period a year earlier.

The Fairport, New York-based company said it had a loss of 2 cents per share. Earnings, adjusted for non-recurring costs, came to 5 cents per share.

The investment management firm posted revenue of $32.7 million in the period.

For the year, the company reported profit of $1.4 million, or 9 cents per share. Revenue was reported as $136 million.

In the final minutes of trading on Wednesday, the company's shares hit $1.92. A year ago, they were trading at $2.29.


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