Waddell & Reed Financial (WDR) Tops Q3 EPS by 2c, Revenues Beat

Waddell & Reed Financial (NYSE: WDR) reported Q3 EPS of $0.58, $0.02 better than the analyst estimate of $0.56. Revenue for the quarter came in at $295.1 million versus the consensus estimate of $292.52 million.

“Our focus remains on making the necessary strategic investments and operational improvements that will enhance the long-term competitive positioning of both our asset management business and our broker-dealer,” said Philip J. Sanders, Chief Executive Officer of Waddell & Reed Financial, Inc. “Strong investment performance is essential to support this effort and we continue to make solid progress in strengthening both our short- and long-term track records across much of the complex.”

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

You May Also Be Interested In

• Evercose ISI downgrades Reddit, says monetization may not offset traffic weakness
• Arm Holdings stock sinks amid broad chip sector selloff
• Goldman Sachs Revises China Jewelry Stocks Amid Gold Price Retreat