Envestnet (ENV) Tops Q2 EPS by 1c, Offers Q3 & FY Guidance

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Envestnet Reports Second Quarter 2016 Financial Results

August 8, 2016 4:22 PM EDT

CHICAGO--(BUSINESS WIRE)-- Envestnet (NYSE: ENV), a leading provider of unified wealth management technology and services to financial advisors, today reported financial results for its second quarter ended June 30, 2016.

    Key Financial Metrics    

Three Months Ended

June 30,

  %    

Six Months Ended

June 30,

  % (in millions except per share data)     2016   2015   Change     2016   2015   Change   GAAP:     Revenue $ 141.7 $ 102.7 38 % $ 273.5 $ 199.1 37 % Net Income (Loss) (7.9 ) 2.5 (413 %) (18.9 ) 5.0 (475 %)

Net Income (Loss) per Diluted Share

$ (0.19 ) $ 0.07 (376 %)... More