Houlihan Lokey: Fiscal Q4 Earnings Snapshot
By AP News
Published - May 09, 2023, 05:39 PM ET
Last Updated - Jun 21, 2023, 09:21 PM EDT
LOS ANGELES (AP) — LOS ANGELES (AP) — Houlihan Lokey Inc. (HLI) on Tuesday reported fiscal fourth-quarter net income of $74.7 million.
On a per-share basis, the Los Angeles-based company said it had profit of $1.10. Earnings, adjusted for non-recurring costs, were $1.11 per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 88 cents per share.
The investment banking company posted revenue of $444.8 million in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $406.6 million.
