SAN ANTONIO (AP) — SAN ANTONIO (AP) — Victory Capital Holdings Inc. (VCTR) on Wednesday reported second-quarter earnings of $139.4 million.
On a per-share basis, the San Antonio-based company said it had profit of $1.68. Earnings, adjusted for amortization costs and costs related to mergers and acquisitions, came to $2.21 per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.81 per share.
The investment management firm posted revenue of $435.4 million in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $385.9 million.
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