OAKS, Pa. (AP) — OAKS, Pa. (AP) — SEI Investments Co. (SEIC) on Wednesday reported fourth-quarter net income of $172.5 million.

The Oaks, Pennsylvania-based company said it had net income of $1.38 per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.34 per share.

The investment management firm posted revenue of $607.9 million in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $595.8 million.

For the year, the company reported profit of $715.3 million, or $5.63 per share. Revenue was reported as $2.3 billion.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SEIC at https://www.zacks.com/ap/SEIC

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