Waddell & Reed Financial (WDR) Misses Q1 EPS by 2c

Waddell & Reed Financial (NYSE: WDR) reported Q1 EPS of $0.80, $0.02 worse than the analyst estimate of $0.82. Revenue for the quarter came in at $385 million versus the consensus estimate of $381.24 million.

Assets under management ended the first quarter at $123 billion, down less than 1% sequentially as market appreciation of $2.8 billion helped to offset $3.6 billion in net outflows. Compared to the first quarter of 2014, assets under management declined 6%. The decline in asset levels over the past 12 months was due to net outflows, which were partly offset by positive market action. Average assets under management were $123 billion in the first quarter of 2015.

For earnings history and earnings-related data on Waddell & Reed Financial (WDR) click here.

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• Pro Diversity Network (IPDN) Reports Q2 Loss of $0.15
• Hydrofarm Holdings Group, Inc. (HYFM) Misses Q2 EPS by 134c