T. Rowe Price reports flat 2nd-quarter profit (AP)
yahoo.com     Jul 25, 2008            

Friday July 25, 3:58 pm ET T. Rowe Price posts flat 2nd-qtr net income, but per-share earnings rises on fewer shares BALTIMORE (AP) -- Investment management firm T. Rowe Price Group Inc. on Friday reported flat second-quarter earnings as expense growth offset gains from fees and other revenue, but per-share earnings rose as the company reduced its number of outstanding shares. Net income for the quarter was flat at $162.2 million. Earnings per share grew to 60 cents from 58 cents. Net revenue rose 6 percent to $586.5 million from $551.1 million. Analysts polled by Thomson Financial, on average, forecast earnings of 60 cents per share on revenue of $566.8 million. T. Rowe Price generated $495.3 million in investment advisory fees during the quarter, compared with $464.1 million during the second quarter last year. Expenses... [read full story]                    


View all news articles about*:
Analyst Banking Capital Changes Comments Corporate Earnings Estimates Finance Financial Insurance Investing Issues Management Markets Performance Portfolio Price Stock
*Newstin tag cloud displays all featured persons, associated organizations, related topics, regions and companies

View other selected articles:

                   

EnterConnect's 'Driving High-Performance Operations on Wall Street' Forum Attracts Financial...

primenewswire.com     58 mins ago   2 related          

SAN JOSE, Calif., Aug. 21, 2008 (GLOBE NEWSWIRE) -- Nearly 100 financial executives, including hedge fund managers, investment banking professionals and brokers representing leading Wall Street firms, gathered in New York City...                    

comments

Babcock & Brown CEO to step down, stock tumbles

menafn.com     4 hrs ago          

Babcock & Brown CEO to step down, stock falls By Chris Oliver, MarketWatch HONG KONG (Menafn - Australian infrastructure fund management group Babcock & Brown Ltd. said Thursday that its Chief Executive Officer Phil Green, and...                    

comments

Cato Reports 2Q EPS Up 5%

prnewswire.com     1 hr ago          

Provides Second Half Guidance CHARLOTTE, N.C., Aug. 21 /PRNewswire-FirstCall/ -- The Cato Corporation (NYSE: CTR) today reported net income of $12.1 million or $.41 per diluted share for the second quarter ended August 2, 2008,...                    

comments

$562 Billion GCC Earnings In 2008

zawya.com     2 hrs ago          

DUBAI, Aug. 21st, 2008: Gulf oil producers are expected to earn a record $562 billion in 2008 as crude prices are projected to remain above $100 and they are pumping at one of their highest levels, according to new data from...                    

comments