Friday, October 28, 2016

Legg Mason earnings rise on revenue increase

Legg Mason Inc. saw its second-quarter profit increase 3 percent, a reflection of higher revenue and improved margins as a result of its acquisitions. The Baltimore money manager posted net income of $66.4 million, or 63 cents per share, in the quarter ended Sept. 30. That was up from $64.3 million, or 58 cents per share, in the year-ago quarter. Operating revenue rose 11 percent to $748.4 million, up from $673.1 million last year. The earnings topped Wall Street projects. Analysts polled by the…



from http://www.bizjournals.com/baltimore/news/2016/10/28/legg-mason-earnings-rise-on-revenue-increase.html?ana=RSS%26s=article_search
via http://baltimorecheckbook.tumblr.com/post/152424141687

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