Envestnet Reports First Quarter 2019 Financial Results

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Go back to Envestnet Reports First Quarter 2019 Financial Results

Envestnet (ENV) Tops Q1 EPS by 1c, Revenues Miss; Q2 EPS Views Below Consensus, Q2 Revenues Views Above Consensus, FY19 Revenue Views Above Consensus

May 8, 2019 4:51 PM EDT

Envestnet (NYSE: ENV) reported Q1 EPS of $0.39, $0.01 better than the analyst estimate of $0.38. Revenue for the quarter came in at $145.8 million versus the consensus estimate of $201.38 million.

In the first quarter, Envestnet grew revenue, adjusted EBITDA and adjusted earnings per share, overcoming the... More