Hamilton Lane tops Q1 estimates; shares fall despite raised guidance

HLNE Hamilton Lane Inc

$81.84 -1.99%

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RPC +0.61%

1. 1Hamilton Lane (HLNE) reported Q1 adjusted EPS of $1.94, well above the $1.46 consensus estimate
2. 2Revenue of $275.33 million came in roughly 26% above the $218.33 million expected, and the company raised its full-year adjusted EBITDA guidance to $385 million–$400 million
3. 3Despite the strong results, shares dropped 3.88% after the announcement as investors turned cautious on other elements of the outlook

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