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Houlihan Lokey: Fiscal 1Q Earnings Snapshot

LOS ANGELES (AP) _ Houlihan Lokey Inc. (HLI) on Thursday reported fiscal first-quarter net income of $42.8 million.

The Los Angeles-based company said it had net income of 65 cents per share. Earnings, adjusted for non-recurring costs, were 67 cents per share.

The investment banking company posted revenue of $250.3 million in the period.

Houlihan Lokey shares have increased 21% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $44.41, a decline of 16% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HLI at https://www.zacks.com/ap/HLI