Hamilton Lane Inc (HLNE) shares surged 5.55% in the pre-market session on Tuesday, following the company's impressive fiscal third-quarter earnings report. The private markets asset management firm reported solid revenue growth and higher-than-expected earnings for the quarter ended December 31, 2024, driven by strong performance across its business segments.
The company's revenue for the quarter rose 34.3% year-over-year to $168.26 million, surpassing analysts' estimates of $157.95 million. Management and advisory fees, a key revenue component, grew 11% to $126.3 million, reflecting the firm's continued expansion and increased assets under management (AUM).
Hamilton Lane's adjusted earnings per share (EPS) came in at $1.25, significantly higher than the consensus estimate of $1.10 and the prior-year quarter's EPS of $0.71. The strong earnings growth was fueled by the robust top-line performance and effective cost management measures implemented by the company.