GAMCO Investors, Inc. Provides Earnings Guidance for the Third Quarter and Nine Months Ended September 30, 2015
October 22, 2015 at 05:59 pm EDT
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GAMCO Investors, Inc. provided earnings guidance for the third quarter and nine months ended September 30, 2015. The company announced that reported earnings for the quarter will be within the range of $0.58 to $0.60 per fully diluted share versus $0.93 per fully diluted share in the third quarter of 2014.
For the nine months ended September 30, 2015, earnings per share are expected to be in the range of $2.50 to $2.53 per fully diluted share versus $3.15 per fully diluted share for the prior nine month period.
GAMCO Investors, Inc. is a provider of investment advisory services to open and closed-end funds semi-transparent exchange-traded funds (ETFs), and institutional and private wealth management. The Company manages assets on a fully discretionary basis and invests in a variety of United States and international securities through various investment styles, including value, growth, non-market correlated, and convertible securities. The Company conducts its investment advisory business principally through two subsidiaries: Gabelli Funds, LLC (24 open-end funds, 14 closed-end funds, five actively managed semi-transparent ETFs, and a societe d'investissement a capital variable (SICAV)) and GAMCO Asset Management Inc. (approximately 1,400 institutional and private wealth separate accounts, principally in the United States). It serves various client bases, including institutions, intermediaries, offshore investors, private wealth, and direct retail investors.
GAMCO INVESTORS, INC. 