Virtus Reports Strong Q4 Earnings, Exceeding Analyst Expectations
HARTFORD, Conn. - Virtus Investment Partners Inc. (VRTS) announced its fourth-quarter financial results today.
Key Highlights:
* Net income of $33.3 million, or $4.66 per share
* Adjusted earnings of $7.50 per share, surpassing estimates of $7.48 per share
* Revenue of $233.5 million, with adjusted revenue at $212 million
* Annual profit of $121.7 million, or $16.89 per share
* Revenue for the year totaled $820.4 million
Virtus' strong performance reflects its continued focus on delivering value to shareholders. The company's diversified portfolio of investment strategies and its commitment to innovation have contributed to its success.
For more information on Virtus, visit https://www.virtus.com/.