fiera capital corps shares dropped friday after the assetmanagement firm reported sharply lower fourthquarter earnings thanks in part to a drop in revenue and severance costs tied to its continued streamlining efforts in morning trading the stock was 72 lower at c853 the shares are now down 17 so far in 2023 net earnings attributable to shareholders fell to 25 million canadian dollars 19 million from c357 million a year earlier on an adjusted basis pershares earning came in at c032 narrowly missing the c033 mean estimate of analysts polled by factset total revenue for the fourthquarter fell to c1847 million from c2419 million in the same period the year before which fiera said was due in part to lower performance fees and lower base management fees in its public markets segment analysts were expecting revenue of c1786 million the company ended the quarter with assets under management of c1585 billion little changed from the quarter before but down from c1883 billion a year earlier due to a drop in its public markets segment with a decline in equity and fixedincome markets during the year