BALA CYNWYD, Pa. (AP) _ Hamilton Lane Inc. (HLNE) on Tuesday reported fiscal third-quarter profit of $33.2 million.

On a per-share basis, the Bala Cynwyd, Pennsylvania-based company said it had profit of 96 cents. Earnings, adjusted for one-time items, were 87 cents per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 56 cents per share.

The private-market investment firm posted revenue of $84.6 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $74.3 million.

Hamilton Lane shares have fallen 0.5% since the beginning of the year. The stock has climbed 19% 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 HLNE at https://www.zacks.com/ap/HLNE

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