Victory Capital Reports Third-Quarter Revenue of $396.57 Million, EPS of $1.11
Revenue rose 10% year over year as higher average AUM lifted investment management fees. Net income attributable to common stockholders declined; earnings reflected increased personnel and acquisition-related costs, partly offset by lower restructuring costs.
Victory Capital’s third-quarter revenue increased 10% year over year, while net income attributable to common stockholders declined. Higher average AUM lifted investment management fees; earnings reflected increased personnel and acquisition-related costs, partly offset by lower restructuring costs…