NorthStar Asset Management Q3 Profit Declines

(RTTNews) - NorthStar Asset Management Group Inc. (NSAM) Tuesday announced a decline in third quarter net income attributable to the shareholders to $24.842 million from $41.173 million in the previous year. On a per share basis, earnings declined to $0.13 from $0.21 a year ago.

On average, two analysts polled by Thomson Reuters expected the company to earn $0.3 per share. Analysts estimates usually exclude special items.

Revenue for the quarter was $95.502 million, down from $108.115 million in the previous year. Wall Street expected the company to earn $91.6 million.