Legg Mason Inc.’s profit surpassed Wall Street estimates in the third quarter, increasing by a whopping 190 percent. The Baltimore money manager reported earnings of $149.2 million, or $1.58 per share, for the quarter ending Dec. 31. In the prior-year quarter, Legg Mason’s posted earnings of of $51.4 million, or 50 cents per share. Analysts estimated earnings of $1.06 per share, according to MarketWatch. The increase was driven by higher average long-term assets under management and higher non-pass…
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