SAN ANTONIO (AP) — SAN ANTONIO (AP) — Victory Capital Holdings Inc. (VCTR) on Thursday reported fourth-quarter earnings of $76.9 million.
The San Antonio-based company said it had net income of $1.17 per share. Earnings, adjusted for pretax expenses and amortization costs, came to $1.45 per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.37 per share.
The investment management firm posted revenue of $232.4 million in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $230.8 million.
For the year, the company reported profit of $288.9 million, or $4.38 per share. Revenue was reported as $893.5 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VCTR at https://www.zacks.com/ap/VCTR
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