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Virtus: Q2 Earnings Snapshot

Associated Press Finance
·1 min read

HARTFORD, Conn. (AP) — HARTFORD, Conn. (AP) — Virtus Investment Partners Inc. (VRTS) on Friday reported second-quarter earnings of $17.6 million.

On a per-share basis, the Hartford, Connecticut-based company said it had profit of $2.43. Earnings, adjusted for one-time gains and costs, came to $6.53 per share.

The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $6.61 per share.

The asset management company posted revenue of $224.4 million in the period. Its adjusted revenue was $203 million.

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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