Medley Management (MDLY) Misses Q1 EPS by 5c. Miss on Revenues

Medley Management (NYSE: MDLY) reported Q1 EPS of $0.10, $0.05 worse than the analyst estimate of $0.15. Revenue for the quarter came in at $14 million versus the consensus estimate of $18.8 million.

Highlights

• Total assets under management increased to $5.5 billion as of March 31, 2017
• Fee earning assets under management were over $3.2 billion as of March 31, 2017
• Issued $69 million of Medley LLC 7.25% senior unsecured notes, a portion of which were used to fully repay our remaining indebtedness under our syndicated term loan
• U.S. GAAP net income attributable to Medley Management Inc. was $0.06 per share for Q1 2017
• Core Net Income Per Share was $0.10 for Q1 2017
• Declared $0.20 per share dividend for Q1 2017 payable on May 31, 2017

For earnings history and earnings-related data on Medley Management (MDLY) click here.

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