Cohen & Steers (CNS) Misses Q3 EPS by 3c
Cohen & Steers (NYSE: CNS) reported Q3 EPS of $0.37, $0.03 worse than the analyst estimate of $0.40. Revenue for the quarter came in at $79.7 million versus the consensus estimate of $79.3 million.
Assets under management were $49.7 billion as of September 30, 2015, a decrease of $404 million from $50.1 billion at June 30, 2015. The decrease from June 30, 2015 was attributable to net outflows of $239 million and market depreciation of $165 million.
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