Houlihan Lokey (HLI) Surpasses Q3 Earnings and Revenue Estimates

Houlihan Lokey (HLI) came out with quarterly earnings of $1.64 per share, beating the Zacks Consensus Estimate of $1.51 per share. This compares to earnings of $1.22 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 8.61%. A quarter ago, it was expected that this investment banking company would post earnings of $1.31 per share when it actually produced earnings of $1.46, delivering a surprise of 11.45%.Over the last four quarte ...