Waddell & Reed Financial (WDR) Tops Q1 EPS by 3c

Waddell & Reed Financial (NYSE: WDR) reported Q1 EPS of $0.88, $0.03 better than the analyst estimate of $0.85. Revenue for the quarter came in at $390.4 million versus the consensus estimate of $388.87 million.

“Our results once again showcase the strength and resiliency of our distribution model,” said Hank Herrmann, Chairman and Chief Executive Officer of Waddell & Reed Financial, Inc. “We continue to gain market share. According to Strategic Insight, Waddell & Reed ranks 11th in net flows for stock/hybrid & bond fund managers year-to-date. This ranking compared favorably to last year when we ranked 20th.”

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
• Freedom Broker Downgrades RPC Inc. (RES) to Sell
• Goldman Sachs Revises China Jewelry Stocks Amid Gold Price Retreat