BALTIMORE (AP) — BALTIMORE (AP) — T. Rowe Price Group Inc. (TROW) on Friday reported second-quarter profit of $632 million.
The Baltimore-based company said it had net income of $2.88 per share. Earnings, adjusted for non-recurring gains, were $2.57 per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.52 per share.
The financial services firm posted revenue of $1.91 billion in the period, missing Street forecasts. Four analysts surveyed by Zacks expected $1.92 billion.
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