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Manning & Napier posts 1Q profit

FAIRPORT, N.Y. (AP) _ Manning & Napier Inc. (MN) on Wednesday reported first-quarter net income of $1.9 million.

On a per-share basis, the Fairport, New York-based company said it had net income of 13 cents.

The investment management firm posted revenue of $55.5 million in the period.

Manning & Napier shares have dropped 27 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $5.50, a decline of 37 percent 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

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Keywords: Manning & Napier, Earnings Report