Virtus: Q4 Earnings Snapshot

Published: 2025-01-31 07:26:09 ET VRTS

HARTFORD, Conn. (AP) — HARTFORD, Conn. (AP) — Virtus Investment Partners Inc. (VRTS) on Friday reported fourth-quarter net income of $33.3 million.

The Hartford, Connecticut-based company said it had net income of $4.66 per share. Earnings, adjusted for amortization costs and non-recurring costs, were $7.50 per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $7.48 per share.

The asset management company posted revenue of $233.5 million in the period. Its adjusted revenue was $212 million.

For the year, the company reported profit of $121.7 million, or $16.89 per share. Revenue was reported as $820.4 million.

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