T. Rowe Price Group (TROW) Misses Q4 EPS by 6c, Revenues Miss

T. Rowe Price Group (NASDAQ: TROW) reported Q4 EPS of $1.54, $0.06 worse than the analyst estimate of $1.60. Revenue for the quarter came in at $1.3 billion versus the consensus estimate of $1.32 billion.

• Assets under management end the quarter at $962 billion
• Net revenues of $1.3 billion for Q4 2018 and $5.4 billion for 2018
• Diluted earnings per common share of$1.41 for Q4 2018 and $7.27 for 2018
• Adjusted diluted earnings per common share of $1.54 for Q4 2018 and $7.15 for 2018
• Long-term investment performance remains strong
• Net client outflows of $8.4 billion for Q4 2018; Net client inflows of $13.2 billion for 2018
  

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

You May Also Be Interested In

• RXO shares soar as C.H. Robinson announces $5.8B cash and stock buyout
• NeuroOne reports 38% Q4 revenue growth, lands $4.5M purchase order
• iRhythm completes $237.5M acquisition of VitalConnect