Houlihan Lokey (HLI) Tops Q3 EPS by 7c, Revenues Beat

Houlihan Lokey (NYSE: HLI) reported Q3 EPS of $0.77, $0.07 better than the analyst estimate of $0.70. Revenue for the quarter came in at $298 million versus the consensus estimate of $264.78 million.

• Third Quarter Fiscal 2019 Revenues of $298 million
• Third Quarter Fiscal 2019 Diluted EPS of $0.67
• Adjusted Third Quarter Fiscal 2019 Diluted EPS of $0.77
• Announces Dividend of $0.27 per Share for Fourth Quarter Fiscal 2019

"We had a strong third quarter, and we continue to see solid momentum across all three product lines as we enter a new calendar year. The firm received several important accolades this quarter, including being named as the #1 M&A advisor for all U.S. transactions under $1 billion in 2018 and the #1 global financial restructuring advisor in 2018, both in terms of number of transactions and value. We are also excited about reaching the $1 billion milestone based on our latest twelve months' revenues through the end of the third quarter. We achieved this milestone as a result of a strong commitment by all of us at Houlihan Lokey to drive shareholder value by investing in growth. I want to thank every employee at HLI for their contribution to helping us achieve this milestone," stated Scott Beiser, Chief Executive Officer of Houlihan Lokey.

For earnings history and earnings-related data on Houlihan Lokey (HLI) click here.

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