AMG Reports Financial and Operating Results for the Second Quarter and First Half of 2018

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Go back to AMG Reports Financial and Operating Results for the Second Quarter and First Half of 2018

Affiliated Managers Group (AMG) Tops Q2 EPS by 2c, Revenues Miss

July 30, 2018 7:47 AM EDT

Affiliated Managers Group (NYSE: AMG) reported Q2 EPS of $3.61, $0.02 better than the analyst estimate of $3.59. Revenue for the quarter came in at $600.1 million versus the consensus estimate of $604.6 million.

Against the backdrop of mixed global equity markets, AMG generated strong results for the second quarter, including organic growth from net client cash flows of $4.3 billion and Economic earnings per share of $3.61, an 8% increase over the second quarter of 2017, stated... More