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Westwood Holdings: 1Q Earnings Snapshot

DALLAS (AP) _ Westwood Holdings Group Inc. (WHG) on Wednesday reported first-quarter profit of $8 million.

On a per-share basis, the Dallas-based company said it had profit of 93 cents. Earnings, adjusted for stock option expense and amortization costs, were $1.48 per share.

The investment asset manager posted revenue of $33.6 million in the period.

Westwood Holdings shares have declined 11 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $59.15, a climb of 4.5 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 WHG at https://www.zacks.com/ap/WHG