SEIC Reports Q4 Earnings: Net Income Misses Estimates, Revenue Exceeds Expectations
OAKS, Pa. (AP) - SEI Investments Co. (SEIC) reported fourth-quarter net income of $155.8 million on Wednesday. On a per-share basis, the company reported earnings of $1.19, falling short of analysts' expectations of $1.20 per share.
Revenue for the quarter came in at $557.2 million, surpassing market forecasts of $553.9 million.
For the full year, SEIC reported net income of $581.2 million, or $4.41 per share. Revenue for the year reached $2.13 billion.
The investment management firm's results were generated by Automated Insights using data from Zacks Investment Research.