SEI Investments (SEIC) Q2 Earnings Beat as Revenues & AUM Rise

SEI Investments Co.'s (SEIC) second-quarter 2024 earnings of $1.05 per share surpassed the Zacks Consensus Estimate by a penny. The bottom line reflected a rise of 18% from the prior-year quarter's level. Net income was $139.1 million, up 17% from the year-ago quarter's level. Our estimate for the metric was $129.4 million. Total revenues were $519 million, up 6% year over year. The rise was driven by higher asset management, administration and distribution fees. However, the top line missed the Zacks Conse ...