Thursday, October 27, 2016

T. Rowe Price earnings surge 18 percent on boost in assets, advisory fees

T. Rowe Price Group Inc.’s third-quarter profit rose 18 percent, topping Wall Street estimates as investment advisory fees and assets under management grew. Baltimore-based T. Rowe (NASDAQ: TROW) on Thursday reported net income of $327.8 million, or $1.28 per share, for the quarter ending Sept. 30. That compares to $277.1 million, or $1.06 per share, a year ago. The money manager’s net revenue rose to $1.09 billion, up 4 percent from $1.05 billion in the year-ago period Analysts polled by Thomson…



from http://www.bizjournals.com/baltimore/news/2016/10/27/t-rowe-price-earnings-surge-18-percent-on-boost-in.html?ana=RSS%26s=article_search
via http://baltimorecheckbook.tumblr.com/post/152382259337

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