SEI Investments Posts Q3 Profit of $168.3 Million, Beats Analyst Estimates

SEI Investments Co. (SEIC) reported third-quarter earnings of $168.3 million on Wednesday, with adjusted earnings of $1.64 per share surpassing the $1.59 average estimate from four Zacks-surveyed analysts. The Oaks, Pennsylvania-based investment management firm said net income came to $1.38 per share. Revenue for the period reached $662 million, also topping the $659.7 million consensus forecast. The results reflect stronger-than-expected performance across the company's investment management operations.