Finance
Houlihan Lokey Beats Estimates, Sounds Caution on M&A Rebound
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Houlihan Lokey Inc. posted its highest fourth-quarter revenues on record as it benefited from a boost in its restructuring businesses — even as it sounded a note of caution about the rebound in M&A.
The Los Angeles-headquartered investment bank, known for its prolific activity advising on mid-market deals, posted $520.5 million in revenue, surpassing analysts estimates.