Hennessy's Earnings Rise to Zero
   The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
Thursday, August 06, 2009

Hennessy's Earnings Rise to Zero

Hennessy Advisors recorded earnings per share of $0.00 during the third quarter of its fiscal 2009, which ended June 30, 2009, compared to $0.06 a share a year ago and a loss of $0.02 per share last quarter.

Total revenue slipped to $1.57 million in Q3 from $2.32 million in the year over year period. Total AUM fell 29 percent from $1.095 billion in the year-ago period to $775 million this past quarter.

The California-based company closed on the acquisition of the Tamarack Funds on March 23, 2009. The firm also recently announced that it will acquire two Japan-focused funds from SPARX Investment and Research, USA before the end of the advisor's fiscal year on September 30, 2009.

Printed from:

Copyright 2009, InvestmentWires, Inc.
All Rights Reserved
Back to Top