T. Rowe Price Group (TROW) Tops Q2 EPS by 20c

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T. Rowe Price Group Reports Second Quarter 2017 Results

July 25, 2017 7:31 AM EDT

BALTIMORE, July 25, 2017 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported its second quarter of 2017 results, including net revenues of $1.2 billion, net income of $373.9 million, and diluted earnings per common share of $1.50. On a comparable basis, net revenues were $1.0 billion, net income was $203.3 million, and diluted earnings per common share was $.79 in the second quarter of 2016. The 2016 results included the nonrecurring operating charge of $166.2 million related to the Dell appraisal rights matter, which reduced net income by $100.7 million, or $.39 in diluted earnings per common share. A... More