SEI: 2Q Earnings Snapshot
Posted July 22, 2020 4:24 pm.
Last Updated July 22, 2020 4:39 pm.
This article is more than 5 years old.
OAKS, Pa. (AP) _ SEI Investments Co. (SEIC) on Wednesday reported second-quarter earnings of $101.1 million.
The Oaks, Pennsylvania-based company said it had net income of 68 cents per share.
The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 69 cents per share.
The investment management firm posted revenue of $400.6 million in the period, also missing Street forecasts. Four analysts surveyed by Zacks expected $403.2 million.
SEI shares have fallen 11% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $58, a climb of almost 3% in the last 12 months.
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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 SEIC at https://www.zacks.com/ap/SEIC
The Associated Press
