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T Rowe Price : 1Q Earnings Rise on Investment Gains


04/24/2019 | 08:01am EDT
By Allison Prang
T. Rowe Price Group Inc. (TROW) reported an increase in its first-quarter profit, despite revenue being almost flat, as the company recorded more than $200 million in net gains on investments and investment products.
Net income rose 13% to $512.6 million. Earnings were $2.09 a share, up from $1.77 a share. Analysts polled by Refinitiv were expecting $1.65 a share.
Adjusted earnings were $1.87 a share, up from $1.74 a share. Analysts were expecting $1.68 a share.
Net revenue was $1.327 billion, compared with $1.328 billion a year ago. Analysts were expecting $1.29 billion.
Write to Allison Prang at allison.prang@wsj.com

https://www.marketscreener.com/T-ROWE-PRICE-GROUP-40311214/n…" target="_blank" rel="nofollow ugc noopener">https://www.marketscreener.com/T-ROWE-PRICE-GROUP-40311214/n…

 
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