CONSHOHOCKEN, Pa. (AP) _ Hamilton Lane Inc. (HLNE) on Tuesday reported fiscal second-quarter profit of $34.9 million.

The Conshohocken, Pennsylvania-based company said it had profit of 97 cents per share. Earnings, adjusted for non-recurring costs, came to $1.02 per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 58 cents per share.

The private-market investment firm posted revenue of $153.4 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $102.5 million.

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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