Manning & Napier, Inc. Reports First Quarter 2015 Earnings Results
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Needham & Company Downgrades Manning & Napier (MN) to Hold
April 30, 2015 2:59 PM EDTNeedham & Company downgraded Manning & Napier (NYSE: MN) from Buy to Hold as asset outflows pressure AUM.
Analyst Mayank Tandon commented, "Manning & Napier reported disappointing 1Q results, driven by another quarter of net asset outflows and decreasing AUM. Revenue was slightly below consensus as AUM fell 4.6%... More
Manning & Napier (MN) Reports In-Line Q1 EPS
April 29, 2015 5:24 PM EDTManning & Napier (NYSE: MN) reported Q1 EPS of $0.28, in-line with the analyst estimate of $0.28. Revenue for the quarter came in at $90.4 million versus the consensus estimate of $93.2 million.
Patrick Cunningham, Manning & Napier's Chief Executive Officer, commented, "Manning & Napier has remained consistent in its investment philosophy for nearly 45 years, but we continually challenge our... More
