Legg Mason (LM) Misses Q2 EPS by 6c

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Go back to Legg Mason (LM) Misses Q2 EPS by 6c

Legg Mason Reports Second Fiscal Quarter Results

October 30, 2015 7:00 AM EDT

BALTIMORE, Oct. 30, 2015 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) today reported its operating results for the second fiscal quarter ended September 30, 2015.  The Company reported net income1 of $64.3 million, or $0.58 per diluted share, as compared to $94.5 million, or $0.84 per diluted share, in the previous quarter, and net income of $4.9 million, or $0.04 per diluted share, in the second quarter of fiscal 2015.  Included in this quarter's results were losses on corporate investments not offset in compensation, as well as an $11.1 million loss on an Australian dollar hedge related to the RARE Infrastructure acquisition which... More