Legg Mason Inc.’s profit fell short of Wall Street estimates in the first quarter because revenue dropped 6 percent and the company took a one-time charge related to a settlement with the U.S. Department of Justice. The Baltimore-based money manager reported a profit of $66.1 million, or 75 cents per share, in the quarter ending June 30. That’s up 30 percent from $50.9 million, or 52 cents per share, in the prior-year quarter. Analysts polled by the Thomson Financial Network projected earnings…
from https://www.bizjournals.com/baltimore/news/2018/07/25/legg-mason-inc-s-profit-falls-short-of-wall-street.html?ana=RSS&s=article_search
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