Legg Mason Inc. swung to a $74.8 million profit in the third quarter thanks to a combination of a strong stock market and savings from an ongoing restructuring plan. The Baltimore-based money manager’s profit equates to 83 cents per share for the fiscal third quarter ending Dec. 31. Legg Mason took a loss of $216.9 million, or $2.55 per share, during the prior-year quarter. The previous year’s results were skewed because of a $365.2 million write-down of contracts. On an adjusted basis, Legg Mason…
from https://www.bizjournals.com/baltimore/news/2020/01/29/legg-mason-swings-to-75m-profit-in-third-quarter.html?ana=RSS&s=article_search
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