SEI Investments (SEIC) Q2 Earnings Beat as Revenues & AUM Rise
SEICSEI(SEIC) ZACKS·2024-07-25 22:46

SEI Investments Co.’s (SEIC) second-quarter 2024 earnings of $1.05 per share surpassed the Zacks Consensus Estimate by a penny. The bottom line reflected a rise of 18% from the prior-year quarter's level.Results benefited from higher revenues and an increase in the assets under management (AUM) balance. Higher expenses acted as a headwind.Net income was $139.1 million, up 17% from the year-ago quarter's level. Our estimate for the metric was $129.4 million.Revenues & AUM Improve, Expenses RiseTotal revenues ...