MILWAUKEE (AP) — MILWAUKEE (AP) — Artisan Partners Asset Management Inc. (APAM) on Tuesday reported first-quarter net income of $58 million.

On a per-share basis, the Milwaukee-based company said it had net income of 76 cents. Earnings, adjusted for non-recurring costs, came to 87 cents per share.

The investment management firm posted revenue of $303 million in the period.

Artisan Partners shares have decreased 7% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $37.83, a rise of nearly 2% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on APAM at https://www.zacks.com/ap/APAM