Hamilton Lane Incorporated (NASDAQ:HLNE) 4Q18 Earnings Beat Street View

Hamilton Lane Incorporated

Hamilton Lane Incorporated (NASDAQ:HLNE) revealed net income for the fourth quarter of $ 13.50 million or 68 cents per share, compared to income of $ 0.61 million or 3 cents per share, in the year-ago period.

On adjusted basis, HLNE reported income of  $ 31.09 million or 58 cents per share.

Headquartered in Bala Cynwyd, Pennsylvania, the company disclosed, total revenue that reached $ 77.61 million, rose 66% from $ 46.68 million a year ago.

The consensus estimates from Thomson Reuters are income of $ 0.41 per share from $ 60.99 million in revenue.

Hamilton Lane CEO Mario Giannini commented: Thanks to our clients and our team, this past fiscal year was another strong one for our business. We added to our broad and diverse client base, expanded our global team, and continued to grow where we believe the opportunities exist in the private markets, strategically opening a number of new offices across the globe.

Hamilton Lane has declared a quarterly dividend of $0.2125 per share of Class A common stock to record holders at the close of business on June 18, 2018. This dividend will be paid on July 6, 2018.

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