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Acadian Asset Management Shares Increase After Q1 Adjusted Earnings, Revenue Rise

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Acadian Asset Management (AAMI) shares rose 5% in Thursday trading after it reported Q1 adjusted earnings of $1.05 per share, up from $0.54 a year earlier.

Two analysts surveyed by FactSet expected $0.82.

Revenue for the quarter ended March 31 was $167 million, up from $119.9 million a year earlier.

Analysts polled by FactSet expected $154 million.

The company's board maintained a quarterly dividend of $0.10 per share, payable June 26 to shareholders of record as of June 12.

Price: $67.38, Change: $+2.30, Percent Change: +3.53%

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