BALTIMORE (AP) — BALTIMORE (AP) — T. Rowe Price Group Inc. (TROW) on Friday reported second-quarter net income of $505.2 million.
On a per-share basis, the Baltimore-based company said it had profit of $2.24.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.15 per share.
The financial services firm posted revenue of $1.72 billion in the period, which missed Street forecasts. Four analysts surveyed by Zacks expected $1.74 billion.
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