Houlihan Lokey: Fiscal Q3 Earnings Snapshot
LOS ANGELES (AP) — LOS ANGELES (AP) — Houlihan Lokey Inc. (HLI) on Thursday reported fiscal third-quarter profit of $70.8 million.
The Los Angeles-based company said it had profit of $1.04 per share. Earnings, adjusted for non-recurring costs, were $1.22 per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.12 per share.
The investment banking company posted revenue of $511.1 million in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $484.1 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
