Waddell & Reed Financial (WDR) Tops Q4 EPS by 11c, Slight Miss on Revenues

Waddell & Reed Financial (NYSE: WDR) reported Q4 EPS of $0.60, $0.11 better than the analyst estimate of $0.49. Revenue for the quarter came in at $272.2 million versus the consensus estimate of $273.26 million.

“While the industry landscape remains challenging, we continued to make foundational improvements over the past year that will better position our company for long term success,” said Philip J. Sanders, Chief Executive Officer of Waddell & Reed Financial, Inc. “Within our asset management business, we improved investment performance track records across much of the complex and realigned our sales leadership to provide more focused coverage across all distribution channels. We also made meaningful progress toward improving the competitiveness of our broker-dealer by optimizing our field and support structure, announcing significant technology investments and enhancing our product offerings and advisory programs – all to the benefit of advisors and clients.”

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

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