Manning & Napier (MN) Tops Q2 EPS by 5c, Revenues Beat

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Manning & Napier, Inc. Reports Second Quarter 2020 Earnings Results

July 30, 2020 4:05 PM EDT

FAIRPORT, N.Y., July 30, 2020 /PRNewswire/ -- Manning & Napier, Inc. (NYSE: MN), ("Manning & Napier" or the "Company") today reported 2020 second quarter results for the period ended June 30, 2020.

Summary Highlights

Assets under management ("AUM") at June 30, 2020 were $18.6 billion, compared to $17.1 billion at March 31, 2020 Revenue for the second quarter was $30.3 million, a decrease of 12% and 2% from the second quarter of 2019 and the first quarter of 2020, respectively Second quarter income before taxes was $5.7 million; the net income attributable to Manning & Napier, Inc. for the second... More