SEI Investments Q4 Profit Declines, but beats estimates

(RTTNews) - SEI Investments (SEIC) announced earnings for fourth quarter that decreased from the same period last year but beat the Street estimates.

The company's bottom line came in at $112.22 million, or $0.83 per share. This compares with $145.30 million, or $1.03 per share, in last year's fourth quarter.

Analysts on average had expected the company to earn $0.80 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 9.0% to $456.59 million from $501.65 million last year.