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Houlihan Lokey: Fiscal 3Q Earnings Snapshot

LOS ANGELES (AP) _ Houlihan Lokey Inc. (HLI) on Monday reported fiscal third-quarter net income of $48.9 million.

The Los Angeles-based company said it had net income of 75 cents per share. Earnings, adjusted for non-recurring costs, were 88 cents per share.

The investment banking company posted revenue of $333.5 million in the period.

Houlihan Lokey shares have climbed 7% since the beginning of the year. In the final minutes of trading on Monday, shares hit $52.40, an increase of 18% in the last 12 months.


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