AMG Reports Financial and Operating Results for the Second Quarter and First Half of 2019
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Affiliated Managers Group (AMG) Tops Q2 EPS by 14c, Revenues Beat
July 29, 2019 7:03 AM EDTAffiliated Managers Group (NYSE: AMG) reported Q2 EPS of $3.33, $0.14 better than the analyst estimate of $3.19. Revenue for the quarter came in at $591.9 million versus the consensus estimate of $544.94 million.
Reports EPS of $2.11Economic EPS of $3.33AUM of $776 billion, pro forma for investment in Garda Capital PartnersNet Income (controlling interest) of $108 million, Economic Net Income of $170 millionAdjusted EBITDA of $219 million represented 2% growth versus prior... More