Affiliated Managers Group ( (AMG) ) has released its Q3 earnings. Here is a breakdown of the information Affiliated Managers Group presented to

WEST PALM BEACH, Fla. (AP) — WEST PALM BEACH, Fla. (AP) — Affiliated Managers Group Inc. (AMG) on Monday reported third-quarter net income of $123.6 million. On a per-share basis, the West Palm Beach, Florida-based company said it had net income of $3.78. Earnings, adjusted for non-recurring costs, came to $4.82 per share.

Greetings, and welcome to the AMG third quarter 2024 earnings call. (Operator Instructions) As a reminder, this conference is being recorded. I would now like to turn the conference over to your host, Patricia Figueroa, Head of Investor Relations for AMG. Thank you. You may begin.

The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.07 per share. The farm equipment maker posted revenue of $2.6 billion in the period, also falling short of Street forecasts.

Affiliated Managers Group (AMG) came out with quarterly earnings of $4.82 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $4.08 per share a year ago. These figures are adjusted for non-recurring items.