Houlihan Lokey (NYSE:HLI) reported quarterly earnings of $1.35 per share which missed the analyst consensus estimate of $1.72 by 21.51 percent. This is a 36.92 percent decrease over earnings of $2.14 per share from the same period last year. The company reported quarterly sales of $511.000 million which missed the analyst consensus estimate of $629.957 million by 18.88 percent. This is a 15.59 percent decrease over sales of $605.349 million the same period last year.