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BALTIMORE (AP) _ T. Rowe Price Group Inc. (TROW) on Thursday reported first-quarter profit of $749.4 million.
The Baltimore-based company said it had profit of $3.17 per share. Earnings, adjusted for non-recurring gains, were $3.01 per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.92 per share.
The financial services firm posted revenue of $1.83 billion in the period.
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T. Rowe shares have climbed 19% since the beginning of the year, while the S&P’s 500 index has climbed 11%.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TROW at https://www.zacks.com/ap/TROW
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