SEI Investments (SEIC) Misses Q2 EPS by 1c

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SEI Reports Second-Quarter 2016 Financial Results

July 27, 2016 8:31 AM EDT

OAKS, PA -- (Marketwired) -- 07/27/16 -- SEI Investments Company (NASDAQ: SEIC) today announced financial results for the second-quarter 2016. Diluted earnings per share were $.49 in second-quarter 2016 compared to $.51 in second-quarter 2015.

Consolidated Overview For the Three For the Six (In thousands, except Months Months earnings per share) Ended June 30, Ended June 30, 2016 2015 % 2016 2015 % -------- -------- ----- -------- -------- ----- Revenues $343,831 $337,745 2% $678,094 $663,189 2% Net income 81,005 86,240 (6)% 158,502 170,851 (7)% Diluted earnings per share $ 0.49 $ 0.51 (4)% $ 0.96 $ 1.00 (4)%

"Our second-quarter results reflect the broad market adoption of our solutions across our business segments," said Alfred P. West, Jr., SEI Chairman and CEO. "The new client... More