SAN ANTONIO (AP) — SAN ANTONIO (AP) — Victory Capital Holdings Inc. (VCTR) on Thursday reported third-quarter profit of $82 million.
The San Antonio-based company said it had profit of $1.24 per share. Earnings, adjusted for amortization costs and stock option expense, came to $1.35 per share.
The results met Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was also for earnings of $1.35 per share.
The investment management firm posted revenue of $225.6 million in the period, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $225.8 million.
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