Legg Mason Inc. reported a $76.3 million profit in the fourth quarter, driven by higher assets under management and more revenue from performance fees. The Baltimore money manager, two years removed from reporting a $45 million loss in the fourth quarter, saw its profit rise half a percentage point compared to a $75.9 million profit in the year-ago quarter. Legg Mason’s earnings rose to 86 cents per share, compared to 76 cents per share the prior year. This was the end of Legg Mason’s fiscal year…
from https://www.bizjournals.com/baltimore/news/2018/04/25/legg-mason-4q-profit-of-76-3-million-beats-wall.html?ana=RSS&s=article_search
via http://baltimorecheckbook.tumblr.com/post/173306464552
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