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Westwood Holdings: 4Q Earnings Snapshot

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DALLAS (AP) _ Westwood Holdings Group Inc. (WHG) on Wednesday reported fourth-quarter earnings of $2.8 million.

On a per-share basis, the Dallas-based company said it had net income of 36 cents. Earnings, adjusted for one-time gains and costs, were 58 cents per share.

The investment asset manager posted revenue of $17.1 million in the period.

For the year, the company reported a loss of $8.9 million, or $1.12 per share, swinging to a loss in the period. Revenue was reported as $65.1 million.

Westwood Holdings shares have declined nearly 1% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $14.37, a drop of 49% 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