AMG Reports Financial and Operating Results for the Second Quarter and First Half of 2019

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Go back to AMG Reports Financial and Operating Results for the Second Quarter and First Half of 2019

Affiliated Managers Group (AMG) Tops Q2 EPS by 14c, Revenues Beat

July 29, 2019 7:03 AM EDT

Affiliated Managers Group (NYSE: AMG) reported Q2 EPS of $3.33, $0.14 better than the analyst estimate of $3.19. Revenue for the quarter came in at $591.9 million versus the consensus estimate of $544.94 million.

Reports EPS of $2.11Economic EPS of $3.33AUM of $776 billion, pro forma for investment in Garda Capital PartnersNet Income (controlling interest) of $108 million, Economic Net Income of $170 millionAdjusted EBITDA of $219 million represented 2% growth versus prior... More