Waddell & Reed Financial (NYSE: WDR) reported Q3 EPS of $0.65, $0.14 better than the analyst estimate of $0.51. Revenue for the quarter came in at $303.09 million versus the consensus estimate of $295.48 million.

Assets under management were $85 billion at September 30, 2016, declining less than 2% from the prior quarter. Outflows of $4.9 billion were partially offset by market appreciation of $3.5 billion. Despite improvement in investment performance year-to-date, sales volume remains weak.

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