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.

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