Summary : Hamilton Lane Inc. (HLNE) on Tuesday reported fiscal first-quarter net income of $33.5 million.
The Conshohocken, Pennsylvania-based company said it had net income of 91 cents per share. Earnings, adjusted for non-recurring costs, came to 92 cents per share. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 80 cents per share.
CONSHOHOCKEN, Pa. (AP) _ Hamilton Lane Inc. (HLNE) on Tuesday reported fiscal first-quarter net income of $33.5 million.
The Conshohocken, Pennsylvania-based company said it had net income of 91 cents per share. Earnings, adjusted for non-recurring costs, came to 92 cents per share.The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 80 cents per share.The private-market investment firm posted revenue of $135.5 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $100.2 million.This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HLNE at https://www.zacks.com/ap/HLNE
