HARTFORD, Conn. (AP) — HARTFORD, Conn. (AP) — Virtus Investment Partners Inc. (VRTS) on Friday reported third-quarter earnings of $31.9 million.
The Hartford, Connecticut-based company said it had net income of $4.65 per share. Earnings, adjusted for amortization costs and non-recurring costs, came to $6.69 per share.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $6.71 per share.
The asset management company posted revenue of $216.4 million in the period. Its adjusted revenue was $196.7 million.
This story was generated by Automated Insights ( http://automatedinsights.com/ap ) using data from Zacks Investment Research. Access a Zacks stock report on VRTS at https://www.zacks.co

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