Houlihan Lokey: Fiscal 1Q Earnings Snapshot
LOS ANGELES (AP) _ Houlihan Lokey Inc. (HLI) on Thursday reported fiscal first-quarter net income of $42.8 million.
The Los Angeles-based company said it had net income of 65 cents per share. Earnings, adjusted for non-recurring costs, were 67 cents per share.
The investment banking company posted revenue of $250.3 million in the period.
Houlihan Lokey shares have increased 21% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $44.41, a decline of 16% in the last 12 months.