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Envestnet provides Q2, FY'16 outlook

Envestnet Inc.expects second-quarter adjusted revenues to be about $137.5 million to $140.5million, while adjusted EBITDA is projected to be about $20.0 million to $21.0million.

For 2016, adjusted revenues are estimated to be about $580million to $592 million and adjusted EBITDA is anticipated to be about $95million to $105 million.

Envestnet reported a first-quarter net loss attributable tothe company of $11 million, or 26 cents per share, compared with net incomeattributable to the company of $2.5 million, or 7 cents per share, a year ago.Adjusted net income was $7.8 million, or 18 cents per share, compared with $8.4million, or 22 cents per share, in the year-ago period.

The S&P Capital IQ consensus normalized EPS estimate forthe quarter was 11 cents.