Victory Capital Holdings Reports Strong Q4 Earnings and Revenue
SAN ANTONIO, Feb. 16, 2023 - Victory Capital Holdings Inc. (VCTR) today announced its fourth-quarter financial results, exceeding analyst expectations.
* EPS: $1.17 per share, compared to the estimated $1.37 per share
* Adjusted EPS: $1.45 per share
* Revenue: $232.4 million, surpassing the projected $230.8 million
For the full year, the company reported:
* Profit: $288.9 million ($4.38 per share)
* Revenue: $893.5 million
Victory Capital's performance was attributed to solid financial management and a focus on long-term investment strategies. The company's diversified portfolio and expertise in various asset classes contributed to its success.
Analysts believe that Victory Capital's strong fundamentals position it well for continued growth in 2023 and beyond.