WASHINGTON (dpa-AFX) - SEI Investments (SEIC) announced a profit for its first quarter that increased from the same period last year and beat the Street estimates.
The company's bottom line came in at $151.52 million, or $1.17 per share. This compares with $131.40 million, or $0.99 per share, last year.
Analysts on average had expected the company to earn $1.14 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 7.8% to $551.344 million from $511.579 million last year.
SEI Investments earnings at a glance (GAAP) :
-Earnings: $151.52 Mln. vs. $131.40 Mln. last year. -EPS: $1.17 vs. $0.99 last year. -Revenue: $551.344 Mln vs. $511.579 Mln last year.
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