Legg Mason Inc. soared past Wall Street estimates as its profit increased by more than 50 percent in the first quarter. The Baltimore money manager reported earnings of $50.9 million, or 52 cents per share, in the quarter ending June 30. That’s a 52 percent increased from last year when Legg Mason posted a $33.5 million profit, or 31 cents per share. The earnings topped Wall Street estimates. Analysts projected earnings of 42 cents per share, according to MarketWatch. Operating revenue in the…
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