OM Asset Management (OMAM) Tops Q3 EPS by 2c
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OMAM Reports Financial and Operating Results for the Third Quarter Ended September 30, 2017
November 2, 2017 8:44 AM EDTU.S. GAAP EPS of $0.17 per share, down (39.3)% from Q3 2016; U.S. GAAP earnings of $18.7 million, down (45.0)% Economic net income EPS of $0.43 per share, an increase of 34.4% from Q3 2016 and economic net income of $46.7 million, an increase of 22.9% from Q3 2016 Net client cash flows (NCCF) for the quarter of $0.5 billion yielding an annualized revenue impact of $12.2 million(2) AUM of $235.9 billion at September 30, 2017 (reflecting removal of $32 billion of Heitman AUM in Q317), a decrease of (8.8)% from June 30, 2017 and an increase of 0.7% from... More
