Envestnet, Inc. Provides Earnings Guidance for the Fourth Quarter and Full Year Ending December 31, 2022
November 08, 2022 at 04:05 pm EST
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Envestnet, Inc. provided earnings guidance for the fourth quarter and full year ending December 31, 2022. For the quarter, the company expects total revenue of $294.0 million to $296.0 million.
For the year, the company expects total revenue of $1,241.0 million to $1,243.0 million.
Envestnet, Inc. is a provider of intelligent systems for wealth management and financial wellness. Its segments include Envestnet Wealth Solutions and Envestnet Data & Analytics. The Envestnet Wealth Solutions segment provides unified wealth management software, services and solutions to empower financial advisors and institutions to enable them to deliver holistic advice to their clients. Envestnet Wealth Solutions offers products and services, including Envestnet Enterprise; Envestnet Wealth Analytics; Envestnet Tamarac; Envestnet MoneyGuide; Envestnet Workplace Solutions; Envestnet PMC, or Portfolio Management Consultants, and Envestnet Billing Solutions (Redi2). Envestnet Data & Analytics segment offers data aggregation, analytics and digital experiences platforms. Envestnet Data & Analytics provides clients and their account holders with data connectivity via open application programming interface, data enrichment, artificial intelligence-based analytics and digital experiences.