Houlihan Lokey (HLI) Misses Q2 EPS by 6c

Houlihan Lokey (NYSE: HLI) reported Q2 EPS of $0.31, $0.06 worse than the analyst estimate of $0.37. Revenue for the quarter came in at $187 million versus the consensus estimate of $180.15 million.

"We finished the first half of fiscal 2017 with record results for the quarter and the first six months. All three of our business segments reported strong revenue growth from the previous year, despite a macroeconomic environment that remains directionless. These results are a testament to our diversified business model which has allowed the firm to succeed in a variety of business conditions,” stated Scott Beiser, Chief Executive Officer of Houlihan Lokey.

For earnings history and earnings-related data on Houlihan Lokey (HLI) click here.

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