SEI Investments Announces Increase In Q3 Bottom Line, Beats Estimates

(RTTNews) - SEI Investments (SEIC) reported a profit for its third quarter that increased from last year and beat the Street estimates.

The company's bottom line came in at $154.90 million, or $1.19 per share. This compares with $115.66 million, or $0.87 per share, in last year's third quarter.

Analysts on average had expected the company to earn $1.07 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 $537.40 million from $476.76 million last year.

SEI Investments earnings at a glance (GAAP) :

-Earnings (Q3): $154.90 Mln. vs. $115.66 Mln. last year. -EPS (Q3): $1.19 vs. $0.87 last year. -Revenue (Q3): $537.40 Mln vs. $476.76 Mln last year.