SEI Investments (SEIC) Tops Q1 EPS by 1c, Revenues Beat

SEI Investments (NASDAQ: SEIC) reported Q1 EPS of $0.89, $0.01 better than the analyst estimate of $0.88. Revenue for the quarter came in at $455.69 million versus the consensus estimate of $455 million.

"Our first-quarter results reflect positive capital market performance. We continue to execute our business strategies across the company and invest in the strength and expansion of the solutions we bring to our target markets," said Alfred P. West, Jr., SEI Chairman and CEO. "We had solid sales results in processing and operational services, helping us offset the anticipated headwinds our asset management businesses face."

"Our long-term success is built on a strong foundation of advancing our suite of solutions, leading in our markets, effectively executing strategies, and soundly managing finances—all backed by a talented workforce. We will continue to drive our success forward for the benefit of our clients, employees, communities and shareholders."

For earnings history and earnings-related data on SEI Investments (SEIC) click here.

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