Monday, January 22, 2018

T. Rowe Price to take large one-time hit because of tax overhaul

T. Rowe Price Group Inc. announced Monday it will take a $71 million hit in its upcoming earnings report to account for the effect of the Republican tax code overhaul passed last month. The Baltimore money manager’s one-time charge equates to an impact of 28 cents per share on the company’s fourth-quarter earnings, according to a filing with the U.S. Securities and Exchange Commission. The earnings are expected to be reported over the next two weeks. The tax reform law passed by Congressional…



from https://www.bizjournals.com/baltimore/news/2018/01/22/t-rowe-price-to-take-large-one-time-hit-because-of.html?ana=RSS&s=article_search
via http://baltimorecheckbook.tumblr.com/post/170015593062

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