CONSHOHOCKEN, Pa. (AP) — CONSHOHOCKEN, Pa. (AP) — Hamilton Lane Inc. (HLNE) on Tuesday reported fiscal second-quarter earnings of $77.5 million.

The Conshohocken, Pennsylvania-based company said it had profit of $1.87 per share. Earnings, adjusted for non-recurring costs, were $1.98 per share.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.72 per share.

The private-market investment firm posted revenue of $204.4 million in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $223.2 million.

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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