Gamco earnings drop in Q4
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- March
- 17
Gamco Investors Inc., the money-management company run by Mario Gabelli, reported its fourth-quarter earnings dropped to $24.1 million from $27 million.
On a per-share basis, the company earned 84 cents during the quarter that ended in December, compared with 94 cents during the fourth quarter of 2006.
Assets under management — the amount of investor money the company held in its mutual and hedge funds — dropped 2 percent to $31 billion during the quarter, as the stock market sagged under the weight of a possible recession.
This entry was posted
on Monday, March 17th, 2008 at 8:44 am by Allan Drury.
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