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SEI Investments Beats Q3 Revenue and Earnings Estimates

Reuters +1 ·

SEIC
SEIC SEI Investments Co
$108.43 +1.19%
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  1. 1SEI Investments' Q3 earnings per share of $1.64 and Q3 revenue of $662.04 million exceeded market expectations.
  2. 2SEI Investments' year-to-date net revenue of $157.40 million through September surpassed previous annual records.
  3. 3The board approved an additional $800 million for share buybacks, bringing the total authorized amount to $926 million.

So what's the key point?

SEI Investments earned more money in the third quarter than experts predicted. The company has also prepared to buy back more of its own shares.

Source Reuters +1 · View original ↗

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