WASHINGTON (dpa-AFX) - SEI Investments (SEIC) reported a profit for its third quarter that increased from last year and beat the Street estimates.
The company's bottom line came in at $154.90 million, or $1.19 per share. This compares with $115.66 million, or $0.87 per share, in last year's third quarter.
Analysts on average had expected the company to earn $1.07 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 12.7% to $537.40 million from $476.76 million last year.
SEI Investments earnings at a glance (GAAP) :
-Earnings (Q3): $154.90 Mln. vs. $115.66 Mln. last year. -EPS (Q3): $1.19 vs. $0.87 last year. -Revenue (Q3): $537.40 Mln vs. $476.76 Mln last year.
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