RYE, N.Y. (AP) _ Gamco Investors Inc. (GBL) on Tuesday reported second-quarter net income of $31.6 million.

The Rye, New York-based company said it had profit of $1.10 per share. Earnings, adjusted for non-recurring costs, came to $1.39 per share.

The investment manager posted revenue of $87.2 million in the period.

Gamco Investors shares have declined 15 percent since the beginning of the year.

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