CONSHOHOCKEN, Pa. (AP) — CONSHOHOCKEN, Pa. (AP) — Hamilton Lane Inc. (HLNE) on Thursday reported fiscal fourth-quarter profit of $50.5 million.
The Conshohocken, Pennsylvania-based company said it had profit of $1.23 per share. Earnings, adjusted for one-time items, came to $1.21 per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.20 per share.
The private-market investment firm posted revenue of $198 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $173.6 million.
For the year, the company reported profit of $217.4 million, or $5.41 per share. Revenue was reported as $713 million.
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