Hamilton Lane Q3 Earnings Beat Estimates
CONSHOHOCKEN, Pa., November 9, 2022 – Hamilton Lane Inc. (HLNE) announced fiscal third-quarter earnings of $53 million on Tuesday. On a per-share basis, the Conshohocken, Pennsylvania-based company reported a profit of $1.32.
Adjusted for one-time items, earnings stood at $1.25 per share, surpassing analysts' expectations. A survey of three analysts by Zacks Investment Research had predicted earnings of $1.12 per share.
Revenue for the period totaled $168.3 million, also exceeding Wall Street forecasts. Three analysts polled by Zacks anticipated revenue of $157 million.