This Week
  • Prominent cancer surgeon to lead URMC's department of surgery.

  • ConServe does collection work for government, education and business.

  • Donald Mead draws on his experience in leading furniture maker Gunlocke Co.

  • Arts and cultural groups are using a range of strategies to draw younger people.

  • Anne Gabel, 27, owns MJ Gabel Diamond and Jewelry Buyers.

  • The RBJ 75 supplement presents a list of the 75 largest private-sector employers.

Manning & Napier sees profit, revenue rise in Q3

Rochester Business Journal
October 30, 2013

Manning & Napier Inc. on Wednesday reported quarterly economic net income of $26.7 million, up 9.3 percent from a year ago, and an increase in revenue of nearly 11 percent.

The Perinton-based money management firm released its earnings report after the market closed.

The most recent quarter compares to economic net income of $24.4 million in the third quarter of 2012.

Earnings per adjusted share of 30 cents matched Wall Street estimates and were up 3 cents from a year ago.

Revenues in the third quarter totaled $94.6 million, up 10.9 percent from $85.4 million in the third quarter of 2012 and 1.8 percent from nearly $93.0 million in the second quarter of this year.

Using generally accepted accounting principles, Manning & Napier reported quarterly net income of $22.8 million attributable to the controlling and non-controlling interests, up from $21.1 million in the third quarter of 2012.

Net income available to Class A common stockholders was 10 cents per basic and diluted share, compared with 12 cents a year ago.

(c) 2013 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or email service@rbj.net.


What You're Saying 

There are no comments yet. Be the first to add yours!

Post Your Own Comment

 
Username:
Password:

Not registered? Sign up now!
 

To Do   Text Size
Post CommentPost A Comment eMail Size1
View CommentsView All Comments PrintPrint Size2
ReprintsReprints Size3
  • E-mailed
  • Commented
  • Viewed
RBJ   Google