SEI Reports Third-Quarter 2019 Financial Results

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Go back to SEI Reports Third-Quarter 2019 Financial Results

SEI Investments (SEIC) Tops Q3 EPS by 3c

October 23, 2019 4:02 PM EDT

SEI Investments (NASDAQ: SEIC) reported Q3 EPS of $0.86, $0.03 better than the analyst estimate of $0.83. Revenue for the quarter came in at $416.25 million versus the consensus estimate of $415.52 million.

Third-Quarter Business Highlights:

Revenues from Asset management, administration, and distribution fees increased primarily from higher assets under administration in our Investment Managers segment.Our average assets under administration increased $94.8 billion, or 16%, to $654.0 billion in the third-quarter 2019, as compared to $564.2 billion during the third-quarter 2018 (see... More