SEI: Q2 Earnings Snapshot
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OAKS, Pa. (AP) — OAKS, Pa. (AP) — SEI Investments Co. (SEIC) on Wednesday reported second-quarter net income of $118.9 million.
The Oaks, Pennsylvania-based company said it had net income of 89 cents per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 85 cents per share.
The investment management firm posted revenue of $489.1 million in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $479.7 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 SEIC at https://www.zacks.com/ap/SEIC
