Waddell & Reed Financial (WDR) Misses Q4 EPS by 5c, Revenues Beat

Waddell & Reed Financial (NYSE: WDR) reported Q4 EPS of $0.41, $0.05 worse than the analyst estimate of $0.46. Revenue for the quarter came in at $278.06 million versus the consensus estimate of $270.75 million.

“2020 marked another year of solid progress in transforming our firm into a more diversified and growth-oriented financial services enterprise, with meaningful progress across both of our businesses while successfully navigating a global pandemic,” said Philip J. Sanders, Chief Executive Officer of Waddell & Reed Financial, Inc. Mr. Sanders continued, “We are also well underway in planning a seamless transition for our clients and advisors as we move towards closing our merger agreement with Macquarie Asset Management.”

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

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