Artisan PartnersAsset Management Inc. reported second-quarter net income attributableto the company of $18.3 million, or 38 cents per share, compared with $23.8 million,or 50 cents per share, in the year-ago period.
Adjusted net income, which excludes the impact of pre-offeringrelated compensation and net gain or loss on tax receivable agreements, was $39.8million, or 53 cents per share, compared with $54.4 million, or 74 cents per share,in the year-ago quarter.
The S&P Capital IQ normalized consensus EPS estimate was57 cents for the latest quarter.
Assets under management stood at $95.0 billion as of June 30,compared with $97.0 billion as of March 31 and $109.2 billion as of June 30, 2015.
Total revenues, which include management and performance fees,were $180.8 million for the quarter, down from $211.5 million in the year-ago quarter.