Needham & Company Downgrades Manning & Napier (MN) to Hold
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Manning & Napier, Inc. Reports First Quarter 2015 Earnings Results
April 29, 2015 4:06 PM EDTFAIRPORT, N.Y.--(BUSINESS WIRE)-- Manning & Napier, Inc. (NYSE: MN), (Manning & Napier or the Company) today reported 2015 first quarter results for the period ended March 31, 2015.
Summary Highlights
Income before taxes and economic net income, a non-GAAP measure, were $38.6 million and $24.3 million, or $0.28 per adjusted share Assets under management ("AUM") at March 31, 2015 were $45.6 billion, compared with $47.8 billion at December 31, 2014 Revenue for the first quarter decreased 8% year-over-year and decreased 8% sequentially to $90.4 million Manning & Napier Group, LLC distributed to... More