StepStone Fiscal Q4 Adjusted Net Income, Revenue Rise; Shares Up After Hours

MT Newswires Live

05/23

StepStone Group (STEP) reported fiscal Q4 adjusted net income late Thursday of $0.68 per share, up from $0.33 a year earlier.

Analysts polled by FactSet expected $0.44.

Total revenue for the quarter ended March 31 was $377.7 million, up from $356.8 million a year earlier. Two analysts surveyed by FactSet expected $229.4 million.

The company maintained its quarterly dividend at $0.24 per share, payable June 30 to holders of record on June 13. The company also declared a supplemental cash dividend of $0.40 per share of Class A common stock.

Shares of the company were up nearly 6% in recent after-hours activity.

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