• Reported GAAP EPS of $5.25 up 10.53% YoY • Reported revenue of $208.02M down -10.91% YoY
Bullish
Virtus Investment Partners achieved an 11% increase in GAAP diluted EPS to $5.17 and grew cash and equivalents by 4% to $386.5M, while repurchasing shares.
Bearish
Virtus Investment Partners faced a 6% decrease in AUM to $159.5B and worsening net outflows of -$8.1B, alongside a 4% sequential revenue decline.