Waddell & Reed Financial (WDR) Tops Q1 EPS by 10c, Revenues Beat

Waddell & Reed Financial (NYSE: WDR) reported Q1 EPS of $0.51, $0.10 better than the analyst estimate of $0.41. Revenue for the quarter came in at $270.1 million versus the consensus estimate of $268.85 million.

Philip J. Sanders, Chief Executive Officer of Waddell & Reed Financial, Inc. shared, “While both the quarter and year remained challenging from a flow perspective within our asset management business, we continued to make steady progress in the transformation of our wealth management business.” Mr. Sanders continued, “On balance, the repositioning of our overall business model, combined with operational improvements across the enterprise and our strong balance sheet, has us well positioned to focus on renewed growth opportunities as we look ahead to 2020 and beyond.”

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

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