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NorthStar Asset Management posts 4Q loss

NEW YORK (AP) _ NorthStar Asset Management Group Inc. (CLNS) on Tuesday reported a fourth-quarter loss of $11.1 million, after reporting a profit in the same period a year earlier.

The New York-based company said it had a loss of 6 cents per share. Earnings, adjusted for non-recurring costs, came to 20 cents per share.

The provider of asset management services to NorthStar Realty Finance Corp. posted revenue of $99.5 million in the period.

NorthStar Asset Management shares have dropped nearly 2 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $14.68, a rise of 34 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 CLNS at https://www.zacks.com/ap/CLNS


Keywords: NorthStar Asset Management Group, Earnings Report