FYI: T. Rowe Price Group Inc.'s first-quarter earnings beat analysts' estimates despite a decline in revenue as the money manager offset an erratic quarter in the markets with boosts from gains on investments and an accounting change.
Baltimore-based T. Rowe (NASDAQ: TROW) on Tuesday reported net income of $295.2 million, or $1.15 per share, for the quarter ending March 31. That compared to $309.5 million, or $1.13 per share, a year ago. Net revenue dropped to $994.1 million, down 3 percent from $1.03 billion last year
Regards,
Ted
http://www.bizjournals.com/baltimore/news/2016/04/26/t-rowe-price-earnings-beat-estimates-despite.html
