Pzena Investment Management, Inc. Reports Results for the First Quarter 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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US:NYSE Investor Relations:
pzena.com/overview
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Source: GlobeNewswire
Assets under management remains strong at $37.7 billion. Q1 2018 revenue increases 23 percent to $39.3 million from Q1 2017. Q1 2018 GAAP diluted earnings per share increases 67 percent to $0.20 from Q1 2017. Board declares a quarterly dividend of $0.03 per share. Company announces $30 million increase in authorization under current stock and unit repurchase program. NEW YORK, April 19, 2018 (GLOBE NEWSWIRE) -- Pzena Investment Management, Inc. (NYSE:PZN) reported the following U.S. Generally Accepted Accounting Principles (GAAP) basic and diluted net income and earnings per share for the three months ended March 31, 2018 and 2017 (in thousands, except per-share amounts): GAAP Basis For the Three Months Ended March 31, 2018 2017 (unaudited) Basic Net Income$3,523 $2,336Basic Earnings Per Share$0.20 $0.13 Diluted Net Income$14,226 $8,704Diluted Earnings Per Share$0.20 $0.12 GAAP diluted net income and GAAP diluted earnings per share were $14.2 million and $0.20, r
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