T. Rowe: Q1 Earnings Snapshot

BALTIMORE (AP) — BALTIMORE (AP) — T. Rowe Price Group Inc. (TROW) on Friday reported first-quarter profit of $573.8 million.

On a per-share basis, the Baltimore-based company said it had net income of $2.49. Earnings, adjusted for non-recurring gains, came to $2.38 per share.

The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.01 per share.

The financial services firm posted revenue of $1.75 billion in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $1.71 billion.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TROW at https://www.zacks.com/ap/TROW

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