Manning & Napier
released its third-quarter earnings yesterday, and several sites picked up the news, including Daily Political
; the press release is here
Manning & Napier saw $600 million in outflows over the last three months, but market appreciation pushed the firm's AUM up by nearly $2 billion, to $44.3 billion. Revenue a $85.4 billion, a slight decrease from the period one year ago.
This earnings report came in slightly below analysts' estimates, according to Daily Political
, yet the company's stock price has been up since the report was released, peaking at around $13.50 a share yesterday before settling back to around $13.
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