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Virtus: 4Q Earnings Snapshot

February 2, 2021 GMT

HARTFORD, Conn. (AP) _ Virtus Investment Partners Inc. (VRTS) on Tuesday reported fourth-quarter profit of $43.3 million.

The Hartford, Connecticut-based company said it had profit of $5.40 per share. Earnings, adjusted for non-recurring gains, were $5.15 per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $4.94 per share.

The asset management company posted revenue of $171.6 million in the period. Its adjusted revenue was $153.5 million.

For the year, the company reported profit of $80 million, or $10.02 per share. Revenue was reported as $536.4 million.

Virtus shares have increased 2% since the beginning of the year. The stock has climbed 75% 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 VRTS at https://www.zacks.com/ap/VRTS