GAMCO Investors, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 07, 2022 at 06:21 pm EST
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GAMCO Investors, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported revenue was USD 61.92 million compared to USD 75.91 million a year ago. Net income was USD 9.43 million compared to USD 29.16 million a year ago. Basic earnings per share from continuing operations was USD 0.36 compared to USD 1.11 a year ago. Diluted earnings per share from continuing operations was USD 0.36 compared to USD 1.09 a year ago.
For the nine months, revenue was USD 197.14 million compared to USD 219.46 million a year ago. Net income was USD 44.17 million compared to USD 62.21 million a year ago. Basic earnings per share from continuing operations was USD 1.68 compared to USD 2.36 a year ago. Diluted earnings per share from continuing operations was USD 1.66 compared to USD 2.32 a year ago.
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. 
