Waddell & Reed Financial (WDR) Tops Q1 EPS by 6c, Slight Miss on Revenues

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Go back to Waddell & Reed Financial (WDR) Tops Q1 EPS by 6c, Slight Miss on Revenues

Waddell & Reed Financial, Inc. Reports First Quarter Results

April 30, 2019 6:45 AM EDT

OVERLAND PARK, Kan.--(BUSINESS WIRE)-- Waddell& Reed Financial,Inc. (NYSE: WDR) today reported first quarter 2019 net income1 of $32.1 million, or $0.42 per diluted share, compared to net income of $46.5 million, or $0.60 per diluted share, during the prior quarter and net income of $46.3 million, or $0.56 per diluted share, during the first quarter of 2018.

Revenues of $259.4 million during the quarter decreased $12.8 million and $38.2 million compared to the fourth and first quarters of 2018, respectively. Operating expenses of $223.9 million declined $3.9 million compared to the prior quarter and declined $13.8 million compared to the same quarter in 2018. The operating... More