Virtus Investment Partners, Inc. (NASDAQ:VRTS) unveiled its second quarter earnings results on Friday 24th July 2020 before market open.
The publicly owned investment manager, reported $ 1.43 income per share for the quarter
On adjusted basis, Virtus Investment Partners, Inc. reported income for the quarter of $ 3.24 per share, beat the consensus estimate of $ 3.02 income per share by $ 0.22 or 7.28 percent.
The quarterly earnings fell 56.13 percent compared with the same quarter last year.
The firm had revenue of $ 132.89 million for the quarter, compared to the consensus estimate of $ 113.92 million. The revenues outshined analysts estimates by $ 18.97 million or 16.65 percent.
The financial report showed revenues decreased 5.41 percent versus second quarter of last year.
Analysts estimates are from Thompson Reuters, exclude one time gain or loss.
