CONSHOHOCKEN, Pa. (AP) 鈥� CONSHOHOCKEN, Pa. (AP) 鈥� Hamilton Lane Inc. (HLNE) on Tuesday reported fiscal first-quarter profit of $80.5 million.
The Conshohocken, Pennsylvania-based company said it had net income of $1.93 per share. Earnings, adjusted for non-recurring costs, were $1.94 per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.52 per share.
The private-market investment firm posted revenue of $275.3 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $218.7 million.
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