OM Asset Management (OMAM) Tops Q2 EPS by 1c
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OMAM Reports Financial and Operating Results for the Second Quarter Ended June 30, 2015
August 6, 2015 7:56 AM EDTEconomic net income (excluding extraordinary performance fee) of $38.0 million ($0.32 per share) for the quarter and $75.3 million ($0.63 per share) for the year to date, up 11.4% and 13.1% respectively, compared to 2014 periods Economic net income (including extraordinary performance fee) of $49.4 million ($0.41 per share) for the quarter and $86.7 million ($0.72 per share) for the year to date, up 44.9% and 30.2% respectively, compared to 2014 periods Extraordinary performance fee of $11.4 million ($0.09 per share) net of associated expenses and taxes, related to certain alternative assets U.S. GAAP earnings of... More
