LOS ANGELES (AP) — LOS ANGELES (AP) — Houlihan Lokey Inc. (HLI) on Wednesday reported fiscal second-quarter profit of $109 million.
On a per-share basis, the Los Angeles-based company said it had net income of $1.64. Earnings, adjusted for amortization costs, came to $1.85 per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.58 per share.
The investment banking company posted revenue of $692 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $609.9 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 HLI at https://www.zacks.com/ap/HLI
