Hubbard Radio Washington DC, LLC. All rights reserved. This website is not intended for users located within the European Economic Area.
BALTIMORE (AP) _ T. Rowe Price Group Inc. (TROW) on Thursday reported second-quarter net income of $815.7 million.
The Baltimore-based company said it had net income of $3.46 per share. Earnings, adjusted for non-recurring gains, came to $3.31 per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $3.21 per share.
The financial services firm posted revenue of $1.93 billion in the period.
Insight by Verizon: Learn about the progress that the Pentagon is making in finding real value out of 5G and its future across DoD.
T. Rowe shares have climbed 34% since the beginning of the year, while the S&P’s 500 index has increased 17%.
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
© 2021 . All rights reserved. This website is not intended for users located within the European Economic Area.