SAN ANTONIO (AP) — SAN ANTONIO (AP) — Victory Capital Holdings Inc. (VCTR) on Thursday reported first-quarter profit of $49.3 million.
The San Antonio-based company said it had profit of 71 cents per share. Earnings, adjusted for amortization costs and costs related to mergers and acquisitions, were $1.08 per share.
The results met Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was also for earnings of $1.08 per share.
The investment management firm posted revenue of $201.3 million in the period, missing Street forecasts. Five analysts surveyed by Zacks expected $202.8 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VCTR at https://www.zacks.com/ap/VCTR
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