Pzena Investment Management, Inc. Reports Results for the First Quarter of 2021
GAAP diluted net income and GAAP diluted earnings per share were $19.7 million and $0.24, respectively, for the three months ended March 31, 2021. GAAP diluted net income and GAAP diluted earnings per share were both zero for the three months ended March 31, 2020. In evaluating the results of operations, management also reviews adjusted measures of earnings, which are adjusted to exclude accounting items that add a measure of non-operational complexity which obscures the underlying performance of the business. For the three months ended March 31, 2021, December 31, 2020, and March 31, 20...