Pzena Investment Management, Inc. Reports Results for the Fourth Quarter and Full Year of 2018
Pzena Investment Management Inc Class A (PZN)
Last pzena investment management inc class a earnings: 7/17 04:15 pm
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pzena.com/overview
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Source: GlobeNewswire
Assets under management ends the fourth quarter at $33.4 billion. 2018 full year revenue increases 9% to $153.6 million. 2018 full year GAAP diluted earnings per share increases 93% reflecting the net expense from the Tax Cuts and Jobs Act in 2017. Adjusting for the changes in the deferred tax asset and the impact of the Tax Cuts and Jobs Act, diluted earnings per share increased 22% for the full year. Board declares a year-end dividend of $0.49 per share. NEW YORK, Feb. 05, 2019 (GLOBE NEWSWIRE) -- Pzena Investment Management, Inc. (NYSE: PZN) reported the following U.S. Generally Accepted Accounting Principles (GAAP) and non-GAAP basic and diluted net income and earnings per share for the three and twelve months ended December 31, 2018 and 2017 (in thousands, except per-share amounts): GAAP Basis Non-GAAP Basis1 For the Three Months EndedDecember 31, For the Three Months EndedDecember 31, 2018 2017 2018 2017 (unaudited) Basic Net Income
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