Envestnet: Q4 Earnings Snapshot

BERWYN, Pa. (AP) — BERWYN, Pa. (AP) — Envestnet Inc. (ENV) on Thursday reported a loss of $36.5 million in its fourth quarter. The Berwyn, Pennsylv...

February 26, 2023
3:26 AM

BERWYN, Pa. (AP) — BERWYN, Pa. (AP) — Envestnet Inc. (ENV) on Thursday reported a loss of $36.5 million in its fourth quarter. The Berwyn, Pennsylvania-based company said it had a loss of 85 cents per share. Earnings, adjusted for one-time gains and costs, came to 45 cents per share. The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 43 cents per share. The financial services firm posted revenue of $292.

Nora Mishanec