SEI Investments Q1 Income Declines, misses estimates

(RTTNews) - SEI Investments (SEIC) reported a profit for first quarter that decreased from the same period last year and missed the Street estimates.

The company's earnings came in at $107.02 million, or $0.79 per share. This compares with $190.31 million, or $1.36 per share, in last year's first quarter.

Analysts on average had expected the company to earn $0.82 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 19.3% to $469.12 million from $581.44 million last year.

SEI Investments earnings at a glance (GAAP) :

-Earnings (Q1): $107.02 Mln. vs. $190.31 Mln. last year. -EPS (Q1): $0.79 vs. $1.36 last year. -Analyst Estimates: $0.82 -Revenue (Q1): $469.12 Mln vs. $581.44 Mln last year.