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Victory Capital: 3Q Earnings Snapshot

BROOKLYN, Ohio (AP) _ Victory Capital Holdings Inc. (VCTR) on Tuesday reported third-quarter earnings of $20.6 million.

On a per-share basis, the Brooklyn, Ohio-based company said it had net income of 29 cents. Earnings, adjusted for amortization costs and asset impairment costs, came to 45 cents per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 43 cents per share.

The investment management firm posted revenue of $108.1 million in the period.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VCTR at https://www.zacks.com/ap/VCTR