Westwood Holdings Group, Inc. (WHG) Reports Q4 EPS of $0.89

Westwood Holdings Group, Inc. (NYSE: WHG) reported Q4 EPS of $0.89. Revenue for the quarter came in at $33.9 million.

• Fourth quarter net income totaled $2.9 million compared with $4.1 million in the third quarter of 2017.
• The decrease was primarily due to the additional income tax expense as noted above, reduced by a one-time $2.5 million legal settlement charge, net of insurance recovery and taxes, which only impacted the third quarter of 2017.
• Diluted EPS for the quarter of $0.34 compared to $0.49 for the third quarter of 2017.
• Non-GAAP Economic Earnings for the quarter of $7.6 million, or $0.89 per share, compared to $9.0 million, or $1.07 per share, in the immediately preceding quarter.

For earnings history and earnings-related data on Westwood Holdings Group, Inc. (WHG) click here.

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