Artisan Partners Asset Management Inc. reported its financial results for the third quarter ended September 30, 2024, on October 29, 2024. The company announced a profit of $72.9 million, translating to $1.03 per basic and diluted share.
The firm's adjusted earnings per share (EPS) for Q3 2024 reached $0.92, surpassing the consensus estimate of $0.90. Total revenue for the quarter was reported at $279.6 million, aligning with market expectations.
These results indicate a solid financial performance for Artisan Partners during the quarter, with profitability exceeding analyst projections. The consistent revenue performance, coupled with the EPS beat, provides a positive signal to investors regarding the firm's operational efficiency and asset management capabilities.
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