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.