SEI Reports Second-Quarter 2018 Financial Results
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SEI Investments (SEIC) Misses Q2 EPS by 1c, Slight Miss on Revenues
July 19, 2018 4:03 PM EDTSEI Investments (NASDAQ: SEIC) reported Q2 EPS of $0.75, $0.01 worse than the analyst estimate of $0.76. Revenue for the quarter came in at $404.83 million versus the consensus estimate of $405.58 million.
Second-Quarter Business Highlights:
Revenue growth in the quarter was primarily driven by higher Asset management, administration, and distribution fees from market appreciation and positive cash flows from new and existing clients.Information processing and software servicing fees in our Private Banks segment increased $3.3 million in second-quarter 2018 compared to second-quarter 2017 primarily due to increased assets from new and existing clients processed on... More