Waddell & Reed Financial (WDR) Misses Q1 EPS by 11c
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Waddell & Reed Financial, Inc. Reports First Quarter Results
April 26, 2016 6:45 AM EDTOVERLAND PARK, Kan.--(BUSINESS WIRE)-- Waddell & Reed Financial, Inc. (NYSE: WDR) today reported first quarter 2016 net income1 of $37.0 million, or $0.45 per diluted share, compared to net income of $62.9 million, or $0.76 per diluted share, during the prior quarter and net income of $67.1 million, or $0.80 per diluted share, during the first quarter of 2015. The current quarters net income included investment losses of $10.2 million, compared to investment gains of $7.6 million during the fourth quarter of 2015 and investment gains of $4.0 million during the first quarter of 2015. Operating income of $71.4 million declined 22% compared to the prior... More
