Waddell & Reed Financial (WDR) Reports In-Line Q4 EPS

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Go back to Waddell & Reed Financial (WDR) Reports In-Line Q4 EPS

Waddell & Reed Financial, Inc. Reports Fourth Quarter Results

January 31, 2017 6:45 AM EST

OVERLAND PARK, Kan.--(BUSINESS WIRE)-- Waddell & Reed Financial, Inc. (NYSE: WDR) today reported fourth quarter 2016 net income1 of $22.4 million, or $0.27 per diluted share, compared to net income of $53.8 million, or $0.65 per diluted share, during the prior quarter and net income of $62.9 million, or $0.76 per diluted share, during the fourth quarter of 2015. Net income for the year ended December 31, 2016 was $146.9 million, or $1.78 per diluted share, compared to net income of $245.5 million, or $2.94 per diluted share, for the year ended December 31, 2015.

Fourth quarter 2016 net income, adjusted for certain charges, was $40.0 million, or $0.48 per... More