Envestnet: Q2 Earnings Snapshot
BERWYN, Pa. (AP) — BERWYN, Pa. (AP) — Envestnet Inc. (ENV) on Friday reported a loss of $79.2 million in its second quarter.
On a per-share basis, the Berwyn, Pennsylvania-based company said it had a loss of $1.44. Earnings, adjusted for one-time gains and costs, came to 55 cents per share.
The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 63 cents per share.
The financial services firm posted revenue of $348.3 million in the period, surpassing Street forecasts. Four analysts surveyed by Zacks expected $342.9 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ENV at https://www.zacks.com/ap/ENV