11:51 AM EDT, 05/29/2025 (MT Newswires) -- (Updates with stock move in the headline and first paragraph.)

Hamilton Lane ( HLNE ) shares were down more than 10% in recent Thursday trading after the company reported fiscal Q4 non-GAAP earnings of $1.21 per share, down from $1.38 a year earlier.

Analysts polled by FactSet expected $1.17.

Revenue for the quarter ended March 31 was $198 million, compared with $176.7 million a year earlier.

Analysts surveyed by FactSet expected $170.7 million.

Price: 157.46, Change: -18.03, Percent Change: -10.27