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Westwood Holdings: 3Q Earnings Snapshot

·1 min read

DALLAS (AP) _ Westwood Holdings Group Inc. (WHG) on Wednesday reported a third-quarter loss of $10.3 million, after reporting a profit in the same period a year earlier.

The Dallas-based company said it had a loss of $1.31 per share. Losses, adjusted for non-recurring costs and asset impairment costs, were 22 cents per share.

The investment asset manager posted revenue of $15.5 million in the period.

Westwood Holdings shares have declined 67% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $9.77, a fall of 66% 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 WHG at https://www.zacks.com/ap/WHG