SEI Inv: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
SEI Investments Company (NASDAQ:SEIC) reported Q4 earnings with an EPS of $0.91, slightly missing the estimate of $0.92 by 1.09%. Despite the miss, revenue increased by $28.27 million compared to the same period last year. Historically, a miss in EPS last quarter resulted in a 2.76% share price drop the following day.
January 31, 2024 | 9:05 pm
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SEI Investments reported a slight miss in Q4 earnings with an EPS of $0.91 against an estimate of $0.92, but showed an increase in year-over-year revenue.
The slight miss in earnings may negatively impact investor sentiment in the short term, especially considering the historical price drop following the last earnings miss. However, the increase in revenue could mitigate some of the negative impact.
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