Hamilton Lane: Fiscal 4Q Earnings Snapshot
Posted May 28, 2020 09:05:11 AM.
Last Updated May 28, 2020 09:16:08 AM.
BALA CYNWYD, Pa. (AP) _ Hamilton Lane Inc. (HLNE) on Thursday reported fiscal fourth-quarter net income of $20.6 million.
On a per-share basis, the Bala Cynwyd, Pennsylvania-based company said it had profit of 70 cents. Earnings, adjusted for one-time items, came to 59 cents per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 51 cents per share.
The private-market investment firm posted revenue of $76.9 million in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $71.7 million.
For the year, the company reported profit of $60.8 million, or $2.15 per share. Revenue was reported as $274 million.
Hamilton Lane shares have climbed 21% since the beginning of the year. The stock has risen 47% in the last 12 months.
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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 HLNE at https://www.zacks.com/ap/HLNE
The Associated Press
