SAN ANTONIO (AP) — SAN ANTONIO (AP) — Victory Capital Holdings Inc. (VCTR) on Thursday reported first-quarter profit of $62 million.
On a per-share basis, the San Antonio-based company said it had net income of 96 cents. Earnings, adjusted for one-time gains and costs, were $1.36 per share.
The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.38 per share.
The investment management firm posted revenue of $219.6 million in the period, which also fell short of Street forecasts. Four analysts surveyed by Zacks expected $226.1 million.
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