Affiliated Managers Group (AMG) Reports In-Line Q4 EPS

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Go back to Affiliated Managers Group (AMG) Reports In-Line Q4 EPS

AMG Reports Financial and Operating Results for the Fourth Quarter and Full Year 2018

February 4, 2019 7:45 AM EST

Company Reports EPS of $(2.88), Economic EPS of $3.53 for Fourth Quarter;

EPS of $4.52, Economic EPS of $14.50 for Full Year 2018

WEST PALM BEACH, Fla., Feb. 04, 2019 (GLOBE NEWSWIRE) -- Affiliated Managers Group, Inc. (NYSE: AMG) today reported its financial and operating results for the fourth quarter and full year 2018. AMGs GAAP results include a non-cash expense of $240 million, reflecting the reduction of carrying value in an investment the Company made in a non-U.S. alternative manager in 2015.

For the fourth quarter of 2018, diluted earnings per share were $(2.88), compared to $5.50... More