OAKS, Pa. (AP) 鈥� OAKS, Pa. (AP) 鈥� SEI Investments Co. (SEIC) on Wednesday reported second-quarter net income of $195.7 million.
On a per-share basis, the Oaks, Pennsylvania-based company said it had profit of $1.59. Earnings, adjusted for non-recurring costs, came to $1.66 per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.45 per share.
The investment management firm posted revenue of $641.6 million in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $637.9 million.
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