Waddell & Reed Financial (WDR) Misses Q1 EPS by 2c
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Waddell & Reed Financial, Inc. Reports First Quarter Results
April 28, 2015 6:59 AM EDTOVERLAND PARK, Kan.--(BUSINESS WIRE)-- Waddell & Reed Financial, Inc. (NYSE: WDR) today reported first quarter 2015 net income of $67.1 million, or $0.80 per diluted share, compared to net income of $80.9 million, or $0.97 per diluted share, during the previous quarter. The fourth quarter results included dividend and capital gain income of $6.1 million. Net income for the first quarter of 2014 was $74.9 million, or $0.88 per diluted share.
Operating revenues of $385 million declined 3% sequentially. Lower average assets under management and two fewer days during the quarter were the primary reasons for the decline in revenues. Compared to the... More
