Manning & Napier, Inc. Reports First Quarter 2021 Earnings Results
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Manning & Napier (MN) Reports Q1 EPS of $0.29, Revenues Beat
April 28, 2021 5:26 PM EDTManning & Napier (NYSE: MN) reported Q1 EPS of $0.29, versus $0.00 reported last year. Revenue for the quarter came in at $34.2 million versus the consensus estimate of $30 million.
Summary Highlights
Assets under management ("AUM") at March 31, 2021 were $21.1 billion, compared to $20.1 billion at December 31, 2020Revenue for the first quarter was $34.2 million, an increase of 10% from the first quarter of 2020 and an increase of 2% from the fourth quarter of 2020First quarter income before taxes was $6.7 million; the net income attributable to Manning & Napier, Inc. for the first quarter was $5.2 million, or $0.26 per diluted... More