Manning & Napier (MN) Misses Q4 EPS by 1c

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Go back to Manning & Napier (MN) Misses Q4 EPS by 1c

Manning & Napier, Inc. Reports Fourth Quarter and Full Year 2015 Earnings Results

February 3, 2016 4:05 PM EST

FAIRPORT, N.Y., Feb. 3, 2016 /PRNewswire/ -- Manning & Napier, Inc. (NYSE: MN), ("Manning & Napier" or "the Company") today reported 2015 fourth quarter and full year results for the period ended December 31, 2015.

Summary Highlights

Fourth quarter income before taxes and economic net income, a non-GAAP measure, were $26.0 million and $16.4 million, or $0.20 per adjusted share Assets under management ("AUM") at December 31, 2015 were $35.4 billion, compared with $37.2 billion at September 30, 2015 Revenue for the fourth quarter decreased 26% year-over-year and decreased 7% sequentially to $72.5 million The Company's Board... More