OAKS, Pa. (AP) _ SEI Investments Co. (SEIC) on Wednesday reported third-quarter net income of $111.1 million.

The Oaks, Pennsylvania-based company said it had profit of 75 cents per share.

The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 81 cents per share.

The investment management firm posted revenue of $424.9 million in the period, beating Street forecasts. Four analysts surveyed by Zacks expected $421.7 million.

SEI shares have declined 15% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $55.69, a decline of 5% 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

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