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Article: Pzena Investment Management, Inc. Reports Results for the Third Quarter of 2009.
- Article from:
- Economics & Business Week
- Article date:
- November 14, 2009
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Pzena Investment Management, Inc. (NYSE: PZN) reported third quarter 2009 diluted net income of $6.1 million and diluted earnings per share of $0.09, compared with third quarter 2008 diluted net loss of $8.7 million, or $1.42 per share. On a non-GAAP basis, the Company reported diluted net income of $5.3 million and diluted earnings per share of $0.08 for the third quarter 2009, compared with third quarter 2008 diluted net income of $6.8 million and diluted earnings per share of $0.11. Diluted net income assumes that all operating company membership units are converted into Company stock at the beginning of the reporting period and the resulting change to company income ...
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