Victory Capital Holdings, Inc. (VCTR) revealed earnings for its first quarter that increased from the same period last year but missed the Street estimates.
The company's bottom line totaled $61.98 million, or $0.96 per share. This compares with $55.69 million, or $0.84 per share, last year.
Excluding items, Victory Capital Holdings, Inc. reported adjusted earnings of $77.96 million or $1.20 per share for the period.
Analysts on average had expected the company to earn $1.35 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 1.7% to $219.60 million from $215.86 million last year.
Victory Capital Holdings, Inc. earnings at a glance (GAAP) :
-Earnings: $61.98 Mln. vs. $55.69 Mln. last year.
-EPS: $0.96 vs. $0.84 last year.
-Revenue: $219.60 Mln vs. $215.86 Mln last year.
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