Northstar Asset Management Group Inc. Reports 19% Fall In Q1 Profit

(RTTNews) - Northstar Asset Management Group Inc. (NSAM) reported earnings for first quarter that decreased from last year.

The company said its profit declined to $17.57 million, or $0.09 per share. This was lower than $21.77 million, or $0.11 per share, in last year's first quarter.

The company said revenue for the quarter rose 16.1% to $106.43 million. This was up from $91.70 million last year.

Northstar Asset Management Group Inc. earnings at a glance:

-Earnings (Q1): $17.57 Mln. vs. $21.77 Mln. last year. -Earnings Decline (Y-o-Y): -19.3% -EPS (Q1): $0.09 vs. $0.11 last year. -EPS Decline (Y-o-Y): -18.2% -Revenue (Q1): $106.43 Mln vs. $91.70 Mln last year. -Revenue Change (Y-o-Y): 16.1%