Virtus: 4Q Earnings Snapshot

Virtus: 4Q Earnings Snapshot

Associated Press
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HARTFORD, Conn. (AP) _ Virtus Investment Partners Inc. (VRTS) on Friday reported fourth-quarter net income of $2.2 million.

On a per-share basis, the Hartford, Connecticut-based company said it had profit of 1 cent. Earnings, adjusted for non-recurring costs and amortization costs, came to $3.06 per share.

The asset management company posted revenue of $138.1 million in the period.

For the year, the company reported profit of $75.5 million, or $8.86 per share. Revenue was reported as $552.2 million.

Virtus shares have climbed 13 percent since the beginning of the year. The stock has dropped 30 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 VRTS at https://www.zacks.com/ap/VRTS

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