Hamilton Lane: Fiscal 2Q Earnings Snapshot
BALA CYNWYD, Pa. (AP) _ Hamilton Lane Inc. (HLNE) on Tuesday reported fiscal second-quarter net income of $11.2 million.
The Bala Cynwyd, Pennsylvania-based company said it had net income of 49 cents per share. Earnings, adjusted for non-recurring costs, were 55 cents per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 43 cents per share.
The private-market investment firm posted revenue of $55.8 million in the period.
Hamilton Lane shares have increased almost 2 percent since the beginning of the year. The stock has climbed 28 percent in the last 12 months.