Legg Mason Inc.’s profit increased 14 percent in the second quarter, topping Wall Street projections. The Baltimore money manager reported earnings of $75.7 million, or 78 cents per share, for the quarter ending Sept. 30. In the prior-year quarter, Legg Mason’s net income was $66.4 million, or 63 cents per share. Analysts estimated earnings of 69 cents per share, according to MarketWatch. Legg Mason (NYSE: LM) CEO Joseph A. Sullivan said in a statement “solid core revenues and prudent expense…
from https://www.bizjournals.com/baltimore/news/2017/10/25/legg-mason-earnings-beat-wall-street-estimates-in.html?ana=RSS%26s=article_search
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