Silvercrest: 4Q Earnings Snapshot
NEW YORK (AP) _ Silvercrest Asset Management Group Inc. (SAMG) on Thursday reported fourth-quarter earnings of $2.4 million.
The New York-based company said it had profit of 26 cents per share. Earnings, adjusted for non-recurring costs, were 31 cents per share.
The investment company posted revenue of $27.8 million in the period.
For the year, the company reported profit of $8.6 million, or 98 cents per share. Revenue was reported as $102.2 million.
Silvercrest shares have fallen 10% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $11.32, a decline of 24% in the last 12 months.