LOS ANGELES (AP) _ Houlihan Lokey Inc. (HLI) on Thursday reported fiscal second-quarter profit of $60.7 million.
On a per-share basis, the Los Angeles-based company said it had profit of 87 cents. Earnings, adjusted for non-recurring costs, came to $1.19 per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.04 per share.
The investment banking company posted revenue of $489.5 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $427.3 million.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a HLI">Zacks stock report on HLI at https://www.zacks.com/ap/HLI