Gamco Investors, Inc. Announces Earnings Guidance for the Fourth Quarter and Full Year 2018
January 23, 2019 at 04:05 pm EST
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GAMCO Investors, Inc. announced that it expects to report fourth quarter fully diluted per share earnings in the range of $0.79 to $0.83 versus $0.46 per fully diluted share a year ago.
For the full year 2018, the fully diluted earnings per share are expected to be in the range of $4.04 to $4.08 per share versus $2.60 per share in 2017.
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. 