Artisan Partners Asset Management (APAM) Reports In-Line Q2 EPS

Artisan Partners Asset Management (NYSE: APAM) reported Q2 EPS of $0.58, in-line with the analyst estimate of $0.58. Revenue for the quarter came in at $196.2 million versus the consensus estimate of $194.69 million.

CEO and Chairman Eric Colson commented (emphasis Street Insider) “Strong absolute and relative investment returns have grown our assets from $95 billion at the end of June 2016 to $109.4 billion at the end of June 2017. Over that period, AUM growth from investment returns has been partially off-set by firm-wide net outflows of $3.0 billion, primarily resulting from $4.4 billion and $2.3 billion of net outflows from our Non-U.S. Growth and U.S. Mid-Cap Growth strategies, both of which have very strong investment returns in 2017."

For earnings history and earnings-related data on Artisan Partners Asset Management (APAM) click here.

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