Waddell & Reed Financial (WDR) Misses Q4 EPS by 5c, Revenues Beat
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Waddell & Reed Financial, Inc. Reports Fourth Quarter Results
February 2, 2021 6:45 AM ESTOVERLAND PARK, Kan.--(BUSINESS WIRE)-- Waddell & Reed Financial, Inc. (NYSE: WDR) today reported a fourth quarter 2020 net loss1 of $6.9 million, or $0.11 per diluted share, compared to net income of $30.5 million, or $0.48 per diluted share, during the prior quarter and net income of $15.9 million, or $0.23 per diluted share, during the fourth quarter of 2019. The fourth quarter of 2020 included $39.6 million in costs related to the proposed acquisition of Waddell & Reed Financial, Inc. by Macquarie Asset Management, the asset management division of Macquarie Group (Macquarie) pursuant to a merger agreement announced on December 2, 2020. Excluding the... More
