SEIC
OAKS, Pa. (AP) — OAKS, Pa. (AP) — SEI Investments Co. (SEIC) on Wednesday reported fourth-quarter net income of $155.8 million.
On a per-share basis, the Oaks, Pennsylvania-based company said it had profit of $1.19.
The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.20 per share.
The investment management firm posted revenue of $557.2 million in the period, which topped Street forecasts. Six analysts surveyed by Zacks expected $553.9 million.
For the year, the company reported profit of $581.2 million, or $4.41 per share. Revenue was reported as $2.13 billion.
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