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BALTIMORE (AP) _ T. Rowe Price Group Inc. (TROW) on Thursday reported second-quarter net income of $339.6 million.
The Baltimore-based company said it had net income of $1.46 per share. Earnings, adjusted for non-recurring costs, were $1.79 per share.
The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.24 per share.
The financial services firm posted revenue of $1.51 billion in...
The financial services firm posted revenue of $1.51 billion in the period, which also missed Street forecasts. Three analysts surveyed by Zacks expected $1.71 billion.
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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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