Artisan Partners Results Miss Estimate

(RTTNews) - Artisan Partners Asset Management Inc. (APAM) Monday reported third-quarter net earnings of $20.4 million or $0.57 per share compared with $6 million or $0.35 per share last year.

Excluding items, adjusted earnings for the quarter were $0.79 per share compared with $0.67 per share a year ago.

Revenues for the quarter were $212.4 million compared with $178 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.82 per share on revenues of $214.6 million for the quarter. Analysts' estimates typically exclude special items.

At September 2014, the company's assets under management totaled $106.2 billion, up 9.6% from a year ago.