Waddell & Reed Financial (WDR) Misses Q2 EPS by 3c
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Waddell & Reed Financial, Inc. Reports Second Quarter Results
July 28, 2015 6:59 AM EDTOVERLAND PARK, Kan.--(BUSINESS WIRE)-- Waddell & Reed Financial, Inc. (NYSE: WDR) today reported second quarter 2015 net income of $67.4 million, or $0.80 per diluted share, compared to net income of $67.1 million, or $0.80 per diluted share, during the previous quarter and net income of $83.0 million, or $0.98 per diluted share, during the second quarter of 2014.
Operating revenues of $394.0 million rose 2% sequentially, while operating income rose 6%, leading to a 110 basis point improvement in the operating margin. Revenues increased primarily due to an additional day and a higher effective fee rate during the current quarter. Expenses... More
