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

Waddell & Reed Financial (NYSE: WDR) reported Q1 EPS of $0.32, $0.03 better than the analyst estimate of $0.29. Revenue for the quarter came in at $263.73 million versus the consensus estimate of $254 million.

Philip J. Sanders, Chief Executive Officer of Waddell & Reed Financial, Inc. said, “The COVID-19 pandemic has required that we, and the world, navigate an extraordinarily complex and rapidly changing environment. In the midst of this, our Company has proactively implemented a comprehensive business continuity plan that allowed us to effectively respond to the crisis and ensure the safety of our employees, clients, independent advisors, and stakeholders in the communities where we live and work.”

Mr. Sanders continued, “Our strong financial profile with significant liquidity will allow us to actively manage through this acute global disruption while continuing to focus on our long-term growth and competitive position.”

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

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