OAKS, Pa. (AP) _ SEI Investments Co. (SEIC) on Thursday reported first-quarter profit of $109.2 million.

On a per-share basis, the Oaks, Pennsylvania-based company said it had net income of 72 cents.

The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 77 cents per share.

The investment management firm posted revenue of $414.8 million in the period, beating Street forecasts. Four analysts surveyed by Zacks expected $410.8 million.

SEI shares have dropped 26% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $48.40, a decline of 16% in the last 12 months.

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

Automated Insights, source Associated Press News