Legg Mason Inc. reported its profit grew five times in its fiscal fourth quarter and beat Wall Street estimates despite a decline in revenue. But the company reported a loss for the year. The Baltimore-based money manager’s profit of $49.5 million, or 56 cents per share, was a 430 percent increase from $9.3 million, or 10 cents per share, in the year-ago period ending March 31. For the full year Legg Mason reported a loss of $28.5 million, or 38 cents per share, compared to a profit of $285.1 million,…
from https://www.bizjournals.com/baltimore/news/2019/05/13/legg-mason-loses-28-5-million-in-fiscal-year.html?ana=RSS&s=article_search
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