SEI Investments Q4 Profit Declines, but beats estimates

SEI Investments (SEIC) announced earnings for fourth quarter that decreased from the same period last year but beat the Street estimates.

The company's bottom line came in at $112.22 million, or $0.83 per share. This compares with $145.30 million, or $1.03 per share, in last year's fourth quarter.

Analysts on average had expected the company to earn $0.80 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 9.0% to $456.59 million from $501.65 million last year.

SEI Investments earnings at a glance (GAAP) :

-Earnings (Q4): $112.22 Mln. vs. $145.30 Mln. last year.
-EPS (Q4): $0.83 vs. $1.03 last year.
-Analyst Estimates: $0.80
-Revenue (Q4): $456.59 Mln vs. $501.65 Mln last year.

For comments and feedback contact: editorial@rttnews.com

Follow RTT