Victory Capital Reports Q3 Non-GAAP EPS Beat Amid Revenue Miss
Victory Capital Holdings, Inc. (VCTR) reported third-quarter financial results characterized by a slight earnings beat alongside a revenue shortfall. The company posted a Non-GAAP earnings per share (EPS) of $1.98, exceeding analyst expectations by $0.01. Despite the earnings outperformance, total revenue reached $396.6 million, representing a 9.8% increase year-over-year but falling $12.4 million short of consensus estimates. The results come amidst a broader trend in the asset management sector where assets under management (AUM) have faced pressure due to fluctuating market valuations.
Tickers: $VCTR
Topics: earnings beat financial results non-GAAP EPS revenue miss