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Rating:Manning & Napier Shows Q3 Outflows, But Stock Rises Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, November 02, 2012

Manning & Napier Shows Q3 Outflows, But Stock Rises

News summary by MFWire's editors

Manning & Napier released its third-quarter earnings yesterday, and several sites picked up the news, including Daily Political and Stockhouse; 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.  

Edited by: Chris Cumming

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