Investing.com - Stepstone reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Stepstone announced earnings per share of $-0.48 on revenue of $-156.4M. Analysts polled by Investing.com anticipated EPS of $0.29 on revenue of $139.46M.
Stepstone shares are down 16.92% from the beginning of the year, still down 43.59% from its 52 week high of $55.19 set on November 15, 2021.
Stepstone shares gained 7.53% in intra-day trade following the report.
Stepstone follows other major Financial sector earnings this month
Stepstone's report follows an earnings missed by Berkshire Hathaway A on Saturday, who reported EPS of $-1,832 on revenue of $76.9B, compared to forecasts EPS of $4,518.39 on revenue of $74.9B.
JPMorgan had beat expectations on October 14 with third quarter EPS of $3.12 on revenue of $32.72B, compared to forecast for EPS of $2.92 on revenue of $32.13B.
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