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MILWAUKEE (AP) — MILWAUKEE (AP) — Artisan Partners Asset Management Inc. (APAM) on Tuesday reported fourth-quarter net income of $69.7 million.
On a per-share basis, the Milwaukee-based company said it had profit of 97 cents. Earnings, adjusted for non-recurring costs, came to $1.05 per share.
The investment management firm posted revenue of $297 million in the period.
For the year, the company reported profit of $259.7 million, or $3.66 per share. Revenue was reported as $1.11 billion.
Artisan Partners shares have climbed 3.5% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $44.57, a rise of slightly more than 6% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on APAM at https://www.zacks.com/ap/APAM