(RTTNews) - Virtus Investment Partners, Inc. (VRTS) released earnings for its second quarter that Increased from last year and beat the Street estimates.
The company's bottom line came in at $42.4 million, or $6.12 per share. This compares with $17.6 million, or $2.43 per share, last year.
Excluding items, Virtus Investment Partners, Inc. reported adjusted earnings of $43.3 million or $6.25 per share for the period.
Analysts on average had expected the company to earn $6.21 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 6.2% to $210.5 million from $224.4 million last year.
Virtus Investment Partners, Inc. earnings at a glance (GAAP) :
-Earnings: $42.4 Mln. vs. $17.6 Mln. last year. -EPS: $6.12 vs. $2.43 last year. -Revenue: $210.5 Mln vs. $224.4 Mln last year.
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