T. Rowe Price Group (TROW) Tops Q4 EPS by 4c

T. Rowe Price Group (NASDAQ: TROW) reported Q4 EPS of $1.18, $0.04 better than the analyst estimate of $1.14. Revenue for the quarter came in at $1 billion versus the consensus estimate of $1.02 billion.

Investment advisory revenues for the fourth quarter of 2014 were up $80.4 million to $892.1 million from the comparable 2013 period. Assets under management at the end of 2014 were $746.8 billion, an increase of $15.6 billion from the end of September 2014, as market appreciation and income of $20.7 billion was offset in part by net cash outflows of $5.1 billion.

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

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