Houlihan Lokey Inc. reported a profit for the first quarter that exceeded Street estimates, with a bottom line of $97.53 million or $1.42 per share, up from $88.94 million or $1.30 per share last year. Adjusted earnings were $148.01 million or $2.14 per share, surpassing analysts’ expectations of $1.68 per share. The company’s revenue also increased by 17.9% to $605.35 million from $513.61 million last year. Earnings at a glance: $97.53 million in earnings, $1.42 EPS, and $605.35 million in revenue, all higher than the previous year.

Read more at Nasdaq: Houlihan Lokey Inc. Q1 Profit Increases, Beats Estimates