Manning & Napier (MN) Misses Q2 EPS by 5c

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Go back to Manning & Napier (MN) Misses Q2 EPS by 5c

Manning & Napier, Inc. Reports Second Quarter 2015 Earnings Results

July 29, 2015 4:06 PM EDT

FAIRPORT, N.Y.--(BUSINESS WIRE)-- Manning & Napier, Inc. (NYSE: MN) (Manning & Napier or the Company) today reported 2015 second quarter results for the period ended June 30, 2015.

Summary Highlights

Second quarter income before taxes and economic net income, a non-GAAP measure, were $32.3 million and $20.3 million, or $0.24 per adjusted share Assets under management ("AUM") at June 30, 2015 were $43.1 billion, compared with $45.6 billion at March 31, 2015 Revenue for the second quarter decreased 16% year-over-year and decreased 4% sequentially to $87.0 million The Company's Board of Directors declared a... More