Fifth Street Asset Management Inc. Reports Consolidated Earnings Results for the First Quarter Ended March 31, 2017
Fifth Street Asset Management Inc. reported consolidated earnings results for the first quarter ended March 31, 2017. For the quarter, the company reported total revenues were $15,638,510 compared to $19,047,731 a year ago. Income before provision for income taxes was $10,083,004 compared to loss of $11,278,508 a year ago. Net income attributable to company was $1,595,129 or $0.10 basic per share compared to loss of $1,231,945 or $0.21 basic per share a year ago. Pro forma adjusted net income was $7,285,000 or $0.10 per share, for the quarter ended March 31, 2017 compared to $6,843,000 or $0.12 per share, for the quarter ended March 31, 2016.