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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