Virtus: 2Q Earnings Snapshot
HARTFORD, Conn. (AP) _ Virtus Investment Partners Inc. (VRTS) on Friday reported second-quarter net income of $26.9 million.
On a per-share basis, the Hartford, Connecticut-based company said it had profit of $3.26. Earnings, adjusted for one-time gains and costs, were $3.63 per share.
The asset management company posted revenue of $140.5 million in the period.
Virtus shares have risen 33% since the beginning of the year. The stock has dropped 19% in the last 12 months.