BALTIMORE (AP) — BALTIMORE (AP) — T. Rowe Price Group Inc. (TROW) on Friday reported third-quarter profit of $646.1 million.
On a per-share basis, the Baltimore-based company said it had profit of $2.87. Earnings, adjusted for one-time gains and costs, were $2.81 per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.55 per share.
The financial services firm posted revenue of $1.89 billion in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $1.85 billion.
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