OAKS, Pa. (AP) — OAKS, Pa. (AP) — SEI Investments Co. (SEIC) on Wednesday reported first-quarter earnings of $174.5 million.
The Oaks, Pennsylvania-based company said it had profit of $1.40 per share. Earnings, adjusted for one-time gains and costs, came to $1.44 per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.29 per share.
The investment management firm posted revenue of $622.2 million in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $610.8 million.
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