SEI Investments Announces Increase In Q1 Profit

(RTTNews) - SEI Investments (SEIC) reported a profit for its first quarter that climbed from last year.

The company's profit totaled $139.84 million, or $0.86 per share. This compares with $88.74 million, or $0.55 per share, in last year's first quarter.

Analysts had expected the company to earn $0.76 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 12.7% to $405.60 million from $359.98 million last year.

SEI Investments earnings at a glance:

-Earnings (Q1): $139.84 Mln. vs. $88.74 Mln. last year. -EPS (Q1): $0.86 vs. $0.55 last year. -Analysts Estimate: $0.76 -Revenue (Q1): $405.60 Mln vs. $359.98 Mln last year.