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SAN ANTONIO (AP) — SAN ANTONIO (AP) — Victory Capital Holdings Inc. (VCTR) on Thursday reported second-quarter profit of $74.3 million.
The San Antonio-based company said it had profit of $1.12 per share. Earnings, adjusted for one-time gains and costs, were $1.31 per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.29 per share.
The investment management firm posted revenue of $219.6 million in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $220.8 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VCTR at https://www.zacks.com/ap/VCTR