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Pzena: 1Q Earnings Snapshot

NEW YORK (AP) _ Pzena Investment Management Inc. (PZN) on Wednesday reported first-quarter net income of $3.1 million.

On a per-share basis, the New York-based company said it had profit of 17 cents.

The asset manager posted revenue of $37.4 million in the period.

Pzena shares have dropped almost 3 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $8.40, a fall of 15 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 PZN at https://www.zacks.com/ap/PZN