BALTIMORE (AP) — BALTIMORE (AP) — T. Rowe Price Group Inc. (TROW) on Friday reported third-quarter net income of $603 million.
The Baltimore-based company said it had profit of $2.64 per share. Earnings, adjusted for non-recurring gains, were $2.57 per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.36 per share.
The financial services firm posted revenue of $1.79 billion in the period, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $1.84 billion.
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