OAKS, Pa. (AP) _ SEI Investments Co. (SEIC) on Wednesday reported fourth-quarter net income of $145.3 million.

On a per-share basis, the Oaks, Pennsylvania-based company said it had profit of $1.03.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 97 cents per share.

The investment management firm posted revenue of $501.7 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $487 million.

For the year, the company reported profit of $546.6 million, or $3.81 per share. Revenue was reported as $1.92 billion.

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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