Artio Global Investors (NYS: ART) reported earnings on Jan. 26. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Artio Global Investors beat slightly on revenue and missed on earnings per share.
Compared to the prior-year quarter, revenue dropped significantly, and earnings per share dropped significantly.
Margins dropped across the board.
Artio Global Investors chalked up revenue of $51.9 million. The five analysts polled by S&P Capital IQ foresaw revenue of $50.9 million. Sales were 39% lower than the prior-year quarter's $85.2 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
Non-GAAP EPS came in at $0.17. The eight earnings estimates compiled by S&P Capital IQ predicted $0.18 per share on the same basis. GAAP EPS of $0.14 for Q4 were 68% lower than the prior-year quarter's $0.43 per share.
Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.
For the quarter, gross margin was 55.8%, 1,560 basis points worse than the prior-year quarter. Operating margin was 30.0%, 2,280 basis points worse than the prior-year quarter. Net margin was 15.9%, 1,430 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $46.8 million. On the bottom line, the average EPS estimate is $0.16.
Next year's average estimate for revenue is $172.5 million. The average EPS estimate is $0.61.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Artio Global Investors is underperform, with an average price target of $6.67.
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At the time thisarticle was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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