OAKS, Pa. (AP) — OAKS, Pa. (AP) — SEI Investments Co. (SEIC) on Wednesday reported first-quarter net income of $151.5 million.
The Oaks, Pennsylvania-based company said it had net income of $1.17 per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.12 per share.
The investment management firm posted revenue of $551.3 million in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $546.7 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
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