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SEI: 3Q Earnings Snapshot

OAKS, Pa. (AP) _ SEI Investments Co. (SEIC) on Wednesday reported third-quarter net income of $132.2 million.

On a per-share basis, the Oaks, Pennsylvania-based company said it had profit of 86 cents.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 83 cents per share.

The investment management firm posted revenue of $416.3 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $416 million.

SEI shares have climbed 24% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $57.29, a rise of almost 9% 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 SEIC at https://www.zacks.com/ap/SEIC