Artisan Partners (APAM) Q1 Earnings Miss Estimates, AUM Rises
APAMArtisan Partners(APAM) Zacks Investment Research·2024-04-24 23:30

Artisan Partners Asset Management Inc. (APAM) reported first-quarter 2024 adjusted net income per adjusted share of 76 cents, missing the Zacks Consensus Estimate of 79 cents. The bottom line increased 18.7% year over year. Results benefited from a rise in management fees earned from Artisan Funds & Artisan Global Funds and Separate accounts, which resulted in top-line growth. The balance sheet position and the assets under management (AUM) balance improved in the reported quarter. However, elevated operati ...