LOS ANGELES (AP) _ Houlihan Lokey Inc. (HLI) on Thursday reported fiscal fourth-quarter earnings of $65.2 million.

The Los Angeles-based company said it had profit of 97 cents per share. Earnings, adjusted for non-recurring costs, came to $1.30 per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.10 per share.

The investment banking company posted revenue of $471.2 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $420.6 million.

For the year, the company reported profit of $437.8 million, or $6.41 per share. Revenue was reported as $2.27 billion.

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

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News