StepStone shares edge lower after first quarter profit miss
Shares of investment firm StepStone Group STEP.O fall 1.7% to $49.5 in premarket trading
Co reported Q1 adj. net income of $60.3 million or 48 cents per share on Thursday AMC, below analysts' estimates of $65.6 million or 51 cents per share - data compiled by LSEG
Analyst at Oppenheimer says "miss" was driven by the carry and investment income which is normally lumpy Q/Q
Seven of eight analysts rate stock "strong buy" or "buy" and one "hold"; their median PT is $66 - data compiled by LSEG
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