T. Rowe Price Group (TROW) Tops Q3 EPS by 6c

T. Rowe Price Group (NASDAQ: TROW) reported Q3 EPS of $1.99, $0.06 better than the analyst estimate of $1.93. Revenue for the quarter came in at $1.394 billion versus the consensus estimate of $1.39 billion.

William J. Stromberg, the company's president and chief executive officer, commented: "In the third quarter, the combination of strong stock returns and solid net client inflows helped increase our assets under management by 3.8%. We are pleased with the pace and diversity of new sales across geographies and channels, and with our organic growth through the third quarter.

"Our long-term investment performance versus our peers remains strong, and we remain highly focused on delivering for our clients. We also continue to execute on our strategic plan across investment capabilities, distribution, and technology, including creating operational efficiency gains

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

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