Houlihan Lokey: Fiscal Q1 Earnings Snapshot
LOS ANGELES (AP) — LOS ANGELES (AP) — Houlihan Lokey Inc. (HLI) on Thursday reported fiscal first-quarter net income of $61.4 million.
The Los Angeles-based company said it had net income of 90 cents per share. Earnings, adjusted for one-time items, were 89 cents per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.02 per share.
The investment banking company posted revenue of $415.8 million in the period, which also fell short of Street forecasts. Three analysts surveyed by Zacks expected $438.1 million.
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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
