FAIRPORT, N.Y. (AP) — Manning & Napier Inc. (MN) on Tuesday reported third-quarter profit of $780,000.

On a per-share basis, the Fairport, New York-based company said it had profit of 5 cents.

The investment management firm posted revenue of $40.5 million in the period.

In the final minutes of trading on Tuesday, the company's shares hit $1.96. A year ago, they were trading at $3.90.

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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 MN at https://www.zacks.com/ap/MN

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