BALA CYNWYD, Pa. (AP) — Hamilton Lane Inc. (HLNE) on Tuesday reported fiscal second-quarter net income of $15.3 million.
The Bala Cynwyd, Pennsylvania-based company said it had profit of 56 cents per share. Earnings, adjusted for one-time items, were 50 cents per share.
The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 51 cents per share.
The private-market investment firm posted revenue of $64.3 million in the period, which also fell short of Street forecasts. Three analysts surveyed by Zacks expected $72.4 million.
Hamilton Lane shares have increased 63% since the beginning of the year. The stock has climbed 71% in the last 12 months.