Legg Mason (LM) Posts Q3 EPS of $1.58
Legg Mason (NYSE: LM) reported Q3 EPS of $1.58, which may not compare to the analyst estimate of $0.84. Revenue for the quarter came in at $820.4 million versus the consensus estimate of $769.31 million.
This quarter's results included:
- One-time non-cash tax benefit of $213.7 million, or $2.27 per diluted share, related to the new tax law.
- Non-cash intangible asset impairment charge of $195.0 million, or $1.62 per diluted share.
- Discrete tax expense items of $7.4 million, or $0.08 per diluted share.
- EnTrustPermal acquisition and transition-related costs of $1.3 million, or $0.01 per diluted share.
For earnings history and earnings-related data on Legg Mason (LM) click here.
