Northstar Asset Management Group Inc. Q4 Earnings Rise 69%

(RTTNews) - Northstar Asset Management Group Inc. (NSAM) released a profit for its fourth quarter that rose from last year.

The company said its bottom line advanced to $52.3 million, or $0.27 per share. This was higher than $30.91 million, or $0.16 per share, in last year's fourth quarter.

The company said revenue for the quarter fell 1.8% to $116.88 million. This was down from $119.06 million last year.

Northstar Asset Management Group Inc. earnings at a glance:

-Earnings (Q4): $52.3 Mln. vs. $30.91 Mln. last year. -Earnings Growth (Y-o-Y): 69.2% -EPS (Q4): $0.27 vs. $0.16 last year. -EPS Growth (Y-o-Y): 68.8% -Revenue (Q4): $116.88 Mln vs. $119.06 Mln last year. -Revenue Change (Y-o-Y): -1.8%