LOS ANGELES (AP) — LOS ANGELES (AP) — Houlihan Lokey Inc. (HLI) on Wednesday reported fiscal fourth-quarter net income of $81.1 million.
The Los Angeles-based company said it had profit of $1.18 per share. Earnings, adjusted for non-recurring costs, came to $1.27 per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.20 per share.
The investment banking company posted revenue of $520.5 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $501.8 million.
For the year, the company reported profit of $280.3 million, or $4.11 per share. Revenue was reported as $1.91 billion.
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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 HLI at https://www.zacks.com/ap/HLI
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