Hamilton Lane Q1 Adj. EPS $0.94 Beats $0.86 Estimate, Sales $125.04M Beat $115.79M Estimate
Portfolio Pulse from Benzinga Newsdesk
Hamilton Lane (NASDAQ:HLNE) reported Q1 adjusted earnings of $0.94 per share, beating the analyst consensus estimate of $0.86 by 9.3%. This is a 2.17% increase over earnings of $0.92 per share from the same period last year. The company also reported quarterly sales of $125.04 million, beating the analyst consensus estimate of $115.79 million by 7.99%, but this is a 7.73% decrease over sales of $135.51 million the same period last year.

August 01, 2023 | 11:23 am
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Hamilton Lane beat Q1 earnings and sales estimates. However, there was a YoY decrease in sales.
Hamilton Lane's earnings beat estimates, which is a positive signal to investors and could lead to a short-term increase in stock price. However, the YoY decrease in sales could be a concern for long-term investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100