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.
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