CONSHOHOCKEN, Pa. (AP) 鈥� CONSHOHOCKEN, Pa. (AP) 鈥� Hamilton Lane Inc. (HLNE) on Thursday reported fiscal fourth-quarter profit of $66.2 million.
The Conshohocken, Pennsylvania-based company said it had profit of $1.57 per share. Earnings, adjusted for one-time items, were $1.49 per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.43 per share.
The private-market investment firm posted revenue of $193.6 million in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $200.7 million.
For the year, the company reported profit of $249.2 million, or $5.92 per share. Revenue was reported as $759 million.
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