T. Rowe Price Group (TROW) Misses Q1 EPS by 1c

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T. Rowe Price Group Reports First Quarter 2017 Results

April 25, 2017 7:30 AM EDT

BALTIMORE, April 25, 2017 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported its first quarter of 2017 results, including net revenues of $1.1 billion, net income of $385.9 million, and diluted earnings per common share of $1.54. On a comparable basis, net revenues were $1.0 billion, net income was $304.1 million, and diluted earnings per common share was $1.18 in the first quarter of 2016.

Financial Highlights

The table below presents financial results on a U.S. GAAP basis, as well as a non-GAAP basis, to adjust for the impact of the consolidated sponsored investment... More