SAN ANTONIO — Victory Capital Holdings Inc. (VCTR) on Wednesday reported fourth-quarter earnings of $37.6 million.
The San Antonio-based company said it had profit of 51 cents per share. Earnings, adjusted for one-time gains and costs, came to 99 cents per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 92 cents per share.
The investment management firm posted revenue of $218.6 million in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $217.7 million.