Legg Mason (LM) Tops Q2 EPS by 5c

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Go back to Legg Mason (LM) Tops Q2 EPS by 5c

Legg Mason Reports Second Fiscal Quarter Results

October 28, 2016 7:00 AM EDT

BALTIMORE, Oct. 28, 2016 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) today reported its operating results for the second fiscal quarter ended September 30, 2016.  The Company reported net income1 of $66.4 million, or $0.63 per diluted share, as compared to net income of $33.5 million, or $0.31 per diluted share, in the previous quarter, and net income of $64.3 million, or $0.58 per diluted share, in the second quarter of fiscal 2016.  The current quarter's results included acquisition and transition-related costs of $13.2 million, or $0.09 per diluted share, as compared to acquisition and transition-related costs of $56.8 million, or $0.37 per diluted share, last... More