Waddell & Reed Financial (WDR) Tops Q3 EPS by 2c, Revenues Beat

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Go back to Waddell & Reed Financial (WDR) Tops Q3 EPS by 2c, Revenues Beat

Waddell & Reed Financial, Inc. Reports Third Quarter Results

October 30, 2018 6:45 AM EDT

OVERLAND PARK, Kan.--(BUSINESS WIRE)-- Waddell& Reed Financial,Inc. (NYSE: WDR) today reported third quarter 2018 net income1 of $46.3 million, or $0.58 per diluted share, compared to net income of $44.5 million, or $0.55 per diluted share, during the prior quarter and net income of $53.6 million, or $0.64 per diluted share, during the third quarter of 2017. The third quarter of 2017 included net gains of $25.1 million ($15.8 net of taxes, or $0.20 per diluted share) due to the freeze of our pension plan on September 30, 2017.

Revenues of $295.1 million during the quarter remained largely unchanged compared to the second quarter of 2018 and... More