AP NEWS

Hamilton Lane: Fiscal 1Q Earnings Snapshot

August 7, 2018

BALA CYNWYD, Pa. (AP) _ Hamilton Lane Inc. (HLNE) on Tuesday reported fiscal first-quarter net income of $8.8 million.

On a per-share basis, the Bala Cynwyd, Pennsylvania-based company said it had net income of 39 cents. Earnings, adjusted for non-recurring gains, were 38 cents per share.

The results met Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 38 cents per share.

The private-market investment firm posted revenue of $63.4 million in the period.

Hamilton Lane shares have increased 36 percent since the beginning of the year. The stock has more than doubled in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HLNE at https://www.zacks.com/ap/HLNE

AP RADIO
Update hourly