Waddell & Reed Financial (WDR) Tops Q2 EPS by 7c, Revenues Beat

Waddell & Reed Financial (NYSE: WDR) reported Q2 EPS of $0.55, $0.07 better than the analyst estimate of $0.48. Revenue for the quarter came in at $295.34 million versus the consensus estimate of $289.16 million.

“We continue to be focused on managing our product line to ensure its competitiveness. Strengthening our investment performance and dynamically managing our products and their distribution are key steps in our progress,” said Philip J. Sanders, Chief Executive Officer of Waddell & Reed Financial, Inc. “We believe in the value we provide as active managers, and our recent results have borne that out, with performance improvement across a majority of our key strategies.”

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

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