Envestnet (ENV) Tops Q1 EPS by 3c, Revenues Beat

Envestnet (NYSE: ENV) reported Q1 EPS of $0.64, $0.03 better than the analyst estimate of $0.61. Revenue for the quarter came in at $275.1 million versus the consensus estimate of $273.55 million.

“During the first quarter Envestnet again delivered strong financial results, exceeding our revenue, adjusted EBITDA and adjusted EPS expectations,” said Bill Crager, Chief Executive Officer.

“We are executing on our accelerated investment plan to achieve faster growth, gain unique competitive advantage and fuse our capabilities to become the ecosystem that powers the intelligent financial life,” concluded Mr. Crager.

For earnings history and earnings-related data on Envestnet (ENV) click here.

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