July 25, 2012 / 11:49 AM / 5 years ago

T. Rowe Price quarterly net inches up on higher assets

BOSTON, July 25 (Reuters) - Money manager T. Rowe Price Group Inc said second-quarter profit rose slightly as an increase in assets under management produced higher fees.

For the three months ended June 30 the Baltimore-based company reported net income of $206.8 million, or 79 cents per share, compared with $204.7 million, or 76 cents per share, in the same period a year ago.

Analysts on average had expected 81 cents per share, according to Thomson Reuters I/B/E/S. (Reporting By Ross Kerber; editing by John Wallace)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below