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BALTIMORE (AP) — BALTIMORE (AP) — T. Rowe Price Group Inc. (TROW) on Tuesday reported first-quarter earnings of $421.5 million.
On a per-share basis, the Baltimore-based company said it had net income of $1.83. Earnings, adjusted for non-recurring gains, came to $1.69 per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.62 per share.
The financial services firm posted revenue of $1.54 billion in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $1.51 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a TROW">Zacks stock report on TROW at https://www.zacks.com/ap/TROW