Westwood Holdings: 2Q Earnings Snapshot
DALLAS (AP) _ Westwood Holdings Group Inc. (WHG) on Wednesday reported second-quarter profit of $8 million.
On a per-share basis, the Dallas-based company said it had profit of 94 cents. Earnings, adjusted for stock option expense and amortization costs, were $1.43 per share.
The investment asset manager posted revenue of $32.8 million in the period.
Westwood Holdings shares have declined 11 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $59.06, an increase of roughly 1 percent in the last 12 months.