Patria Investments (PAX) reported Q1 distributable earnings Friday of $0.23 per share, up from $0.21 a year earlier.
Three analysts polled by FactSet expected $0.25.
Revenue from services for the quarter ended March 31 was $79.6 million, up from $63.9 million a year earlier.
Three analysts polled by FactSet expected sales of $84.5 million.
Shares of the company were down nearly 2% in recent premarket activity.