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LOS ANGELES (AP) _ Houlihan Lokey Inc. (HLI) on Tuesday reported fiscal third-quarter profit of $63.1 million.
The Los Angeles-based company said it had net income of 90 cents per share. Earnings, adjusted for non-recurring costs, were $1.14 per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.12 per share.
The investment banking company posted revenue of $456.5 million in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $471.7 million.
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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