By Connor Hart
Shares of StepStone Group climbed after the company posted higher adjusted earnings and revenue in its fiscal fourth quarter, boosted by higher fees and more assets under management.
The stock rose 12%, to $63.55, in after-hours trading. Through Thursday's close, shares have gained 50% over the past year.
The private-markets manager after the closing bell posted a profit of $13.2 million for its three months ended March 31, compared with $82.5 million a year earlier.
StepStone notched a net loss attributable to the company of $18.5 million, or 24 cents a share, compared with a profit attributable to the company of $30.8 million, or 48 cents a share, last year.
Stripping out certain one-time items, adjusted net income came in at 68 cents a share, up compared with 33 cents a share in the same quarter last year.
Total revenues increased to $377.7 million from $356.8 million, and assets under management increased to $189.4 billion from $156.6 billion.
Fee revenues climbed 40%, to $214.7 million, while fee-related earnings jumped 80%, to $94.1 million.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
May 22, 2025 17:55 ET (21:55 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。