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Pzena Investment Management, Inc. Reports Results For The Third Quarter Of 2010

Pzena Investment Management, Inc. (NYSE: PZN) reported the following GAAP and non-GAAP basic and diluted net income and earnings per share for the three and nine months ended September 30, 2010 (in thousands, except per-share amounts):

  GAAP Basis     Non-GAAP Basis
For the Three Months Ended September 30,

For the Three Months Ended September 30,

2010     2009 2010     2009
(unaudited)
 
Basic Net Income $ 1,219 $ 1,432 $ 758 $ 721
Basic Earnings Per Share $ 0.13 $ 0.17 $ 0.08 $ 0.08
 
Diluted Net Income $ 5,632 $ 6,051 $ 5,171 $ 5,340
Diluted Earnings Per Share $ 0.09 $ 0.09 $ 0.08 $ 0.08
 
 
GAAP Basis Non-GAAP Basis
For the Nine Months Ended September 30, For the Nine Months Ended September 30,
2010 2009 2010 2009
(unaudited)
 
Basic Net Income $ 2,676 $ 2,736 $ 2,236 $ 1,539
Basic Earnings Per Share $ 0.29 $ 0.34 $ 0.25 $ 0.19
 
Diluted Net Income $ 16,096 $ 12,889 $ 15,656 $ 11,693
Diluted Earnings Per Share $ 0.25 $ 0.20 $ 0.24 $ 0.18




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