Legg Mason Inc.’s profit increased 9.7% during the fiscal second quarter as the company overcame the volatility of the stock market and outperformed Wall Street’s expectations. The Baltimore-based money manager reported net income of $67.1 million, or 74 cents per share, compared to $72.8 million, or 82 cents per share in the prior-year quarter. Adjusting for an ongoing cost-cutting program, special charges and other factors, Legg Mason’s profit was $85.6 million, or 95 cents per share, compared…
from https://www.bizjournals.com/baltimore/news/2019/10/30/cost-savings-help-legg-mason-beat-wall-street.html?ana=RSS&s=article_search
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