Cohen & Steers, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2018. For the quarter, the company reported total revenue of $98,331,000 against $96,787,000 a year ago. Operating income was $39,223,000 against $40,973,000 a year ago. Income before provision for income taxes was $40,270,000 against $43,300,000 a year ago. Net income attributable to common stockholders was $30,790,000 against $25,082,000 a year ago. Diluted earnings per share were $0.65 against $0.53 a year ago. Net income attributable to common stockholders, as adjusted was $30,272,000 or $0.64 per diluted share against $25,651,000 or $0.55 per diluted share a year ago. Operating income, as adjusted was $39,416,000 compared to $40,442,000 a year ago. Revenue, as adjusted, for the third quarter of 2018 was $98.2 million, compared with $94.2 million for the second quarter of 2018. Revenue, as adjusted, excluded investment advisory and administration fees attributable to the consolidation of certain of the company's seed investments for all periods presented.

For the nine months, the company reported total revenue of $287,205,000 against $279,242,000 a year ago. Operating income was $112,729,000 against $113,858,000 a year ago. Income before provision for income taxes was $112,799,000 against $116,673,000 a year ago. Net income attributable to common stockholders was $88,335,000 against $71,541,000 a year ago. Diluted earnings per share were $1.87 against $1.53 a year ago.

For the fourth quarter, the company expects that effective tax rate will remain at approximately 25.25%.