Houlihan Lokey Inc. Reports Strong Fiscal Q3 Earnings

Los Angeles-based Houlihan Lokey Inc. (HLI) announced fiscal third-quarter earnings of $95.3 million, translating to earnings per share of $1.39. Adjusted for non-recurring costs, earnings were $1.64 per share, surpassing Wall Street estimates. Analysts at Zacks Investment Research had projected earnings of $1.51 per share.

The investment banking firm generated revenue of $634.4 million during the quarter.