Houlihan Lokey (HLI) Tops Q2 Earnings and Revenue Estimates

Houlihan Lokey (HLI) came out with quarterly earnings of $1.46 per share, beating the Zacks Consensus Estimate of $1.31 per share. This compares to earnings of $1.11 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 11.45%. A quarter ago, it was expected that this investment banking company would post earnings of $1.22 per share when it actually produced earnings of $1.22, delivering no surprise. Over the last four quarters, th ...