Waddell & Reed Financial (WDR) Reports Q4 EPS of 36c
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Waddell & Reed Financial, Inc. Reports Fourth Quarter Results
January 30, 2018 6:45 AM ESTOVERLAND PARK, Kan.--(BUSINESS WIRE)-- Waddell & Reed Financial, Inc. (NYSE: WDR) today reported fourth quarter 2017 net income1 of $29.8 million, or $0.36 per diluted share, compared to net income of $53.6 million, or $0.64 per diluted share, during the prior quarter and net income of $29.0 million, or $0.35 per diluted share, during the fourth quarter of 2016.
Subsequent to the freeze of the pension plan in the third quarter of 2017, we elected in the fourth quarter to change to mark-to-market accounting for the pension plan. The impact from this change in accounting policy has been retrospectively applied... More
