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Silvercrest: 4Q Earnings Snapshot

NEW YORK (AP) _ Silvercrest Asset Management Group Inc. (SAMG) on Thursday reported fourth-quarter earnings of $2.4 million.

The New York-based company said it had profit of 26 cents per share. Earnings, adjusted for non-recurring costs, were 31 cents per share.

The investment company posted revenue of $27.8 million in the period.

For the year, the company reported profit of $8.6 million, or 98 cents per share. Revenue was reported as $102.2 million.

Silvercrest shares have fallen 10% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $11.32, a decline of 24% 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 SAMG at https://www.zacks.com/ap/SAMG