T. Rowe Price Group (TROW) Tops Q2 EPS by 6c, Slight Miss on Revenues

T. Rowe Price Group (NASDAQ: TROW) reported Q2 EPS of $1.87, $0.06 better than the analyst estimate of $1.81. Revenue for the quarter came in at $1.3 billion versus the consensus estimate of $1.34 billion.

Management Commentary William J. Stromberg, the company's president and chief executive officer, commented: "In a second quarter where attractive U.S. equity returns proved the exception to volatile global markets, T. Rowe Price continued to perform well. Our assets under management increased nearly 3%, and we were pleased with the continued strength and diversification of net inflows across asset classes, client segments, and geographies. Our U.S. intermediary results were strong, and flows from EMEA and APAC remained on positive trajectories.

"The healthy client interest we are experiencing reflects our strong long-term investment performance and client service along with our success with newer products and channels. We remain pleased with our progress in executing our strategic plan across investment capabilities, products, distribution, and technology, as well as in driving operational efficiencies."

For earnings history and earnings-related data on T. Rowe Price Group (TROW) click here.

You May Also Be Interested In

• DocGo (DCGO) Misses Q2 EPS by 6c; Offers Guidance
• XP Inc. (XP) Tops Q2 EPS by 8c
• InspireMD (NSPR) Tops Q2 EPS by 1c