SAN ANTONIO (AP) — SAN ANTONIO (AP) — Victory Capital Holdings Inc. (VCTR) on Thursday reported third-quarter profit of $96.5 million.
On a per-share basis, the San Antonio-based company said it had profit of $1.11. Earnings, adjusted for one-time gains and costs, came to $1.63 per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.60 per share.
The investment management firm posted revenue of $361.2 million in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $361.8 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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