MILWAUKEE (AP) _ Artisan Partners Asset Management Inc. (APAM) on Tuesday reported third-quarter profit of $86.4 million.
On a per-share basis, the Milwaukee-based company said it had net income of $1.30. Earnings, adjusted for non-recurring costs, came to $1.33 per share.
The investment management firm posted revenue of $316.6 million in the period.
Artisan Partners shares have risen roughly 2% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $51.23, a rise of 20% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on APAM at https://www.zacks.com/ap/APAM
Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News