AP NEWS

Hamilton Lane: Fiscal 3Q Earnings Snapshot

February 4, 2020 GMT

BALA CYNWYD, Pa. (AP) _ Hamilton Lane Inc. (HLNE) on Tuesday reported fiscal third-quarter profit of $13.5 million.

On a per-share basis, the Bala Cynwyd, Pennsylvania-based company said it had net income of 46 cents. Earnings, adjusted for one-time gains and costs, came to 47 cents per share.

The results met Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 47 cents per share.

The private-market investment firm posted revenue of $68.1 million in the period.

Hamilton Lane shares have risen 10% since the beginning of the year. The stock has climbed 77% in the last 12 months.

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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 HLNE at https://www.zacks.com/ap/HLNE