T. Rowe Price Group (TROW) Misses Q4 EPS by 6c, Revenues Miss
T. Rowe Price Group (NASDAQ: TROW) reported Q4 EPS of $1.54, $0.06 worse than the analyst estimate of $1.60. Revenue for the quarter came in at $1.3 billion versus the consensus estimate of $1.32 billion.
- Assets under management end the quarter at $962 billion
- Net revenues of $1.3 billion for Q4 2018 and $5.4 billion for 2018
- Diluted earnings per common share of$1.41 for Q4 2018 and $7.27 for 2018
- Adjusted diluted earnings per common share of $1.54 for Q4 2018 and $7.15 for 2018
- Long-term investment performance remains strong
- Net client outflows of $8.4 billion for Q4 2018; Net client inflows of $13.2 billion for 2018
For earnings history and earnings-related data on T. Rowe Price Group (TROW) click here.
