Wednesday, SEI Investments Co. (SEIC) said its third-quarter net income attributable to SEI increased to $52.72 million or $0.27 per share from $34.49 million or $0.18 per share in the prior year period. Net income for the quarter rose to $80.67 million from $65.38 million in the year-ago period. On average, 5 analysts polled by Thomson Reuters expected the company to report earnings of $0.25 per share for the quarter.
Total revenues for the quarter declined to $275.93 million from $316.08 million in the comparable period. Three analysts estimated revenues of $265.16 million for the quarter.
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