Envestnet: Q4 Earnings Snapshot
By AP News
Published - Feb 23, 2023, 05:33 PM ET
Last Updated - Jun 22, 2023, 07:48 PM EDT
BERWYN, Pa. (AP) — BERWYN, Pa. (AP) — Envestnet Inc. (ENV) on Thursday reported a loss of $36.5 million in its fourth quarter.
The Berwyn, Pennsylvania-based company said it had a loss of 85 cents per share. Earnings, adjusted for one-time gains and costs, came to 45 cents per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 43 cents per share.
The financial services firm posted revenue of $292.9 million in the period, which fell short of Street forecasts. Five analysts surveyed by Zacks expected $296.3 million.
