AMG Reports Financial and Operating Results for the First Quarter of 2021
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Affiliated Managers Group (AMG) Tops Q1 EPS by 4c, Revenues Beat
May 3, 2021 7:04 AM EDTAffiliated Managers Group (NYSE: AMG) reported Q1 EPS of $4.28, $0.04 better than the analyst estimate of $4.24. Revenue for the quarter came in at $559.1 million versus the consensus estimate of $556.7 million.
Jay C. Horgen, President and Chief Executive Officer of AMG, said:AMG reported growth of 23% in Adjusted EBITDA and 35% in Economic earnings per share relative to the year-ago quarter, our third consecutive quarter of year-over-year growth, further demonstrating positive momentum across the business. Our results reflect strong Affiliate investment performance, improving organic growth trends, and the consistent execution of our growth strategy. Net client cash flows... More
