SAN ANTONIO (AP) — SAN ANTONIO (AP) — Victory Capital Holdings Inc. (VCTR) on Wednesday reported fourth-quarter profit of $112.8 million.
On a per-share basis, the San Antonio-based company said it had net income of $1.32. Earnings, adjusted for one-time gains and costs, came to $1.78 per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.66 per share.
The investment management firm posted revenue of $374.1 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $371.9 million.
For the year, the company reported profit of $330.1 million, or $4.08 per share. Revenue was reported as $1.31 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 VCTR at https://www.zacks.com/ap/VCTR
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