T. Rowe Price Group (TROW) Tops Q1 EPS by 12c
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T. Rowe Price Group Reports First Quarter 2016 Results
April 26, 2016 7:29 AM EDTBALTIMORE, April 26, 2016 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported its first quarter of 2016 results, including net revenues of nearly $1.0 billion, net income of $295.2 million, and diluted earnings per common share of $1.15. The first quarter of 2016 results were impacted by greater non-operating income resulting from higher realized gains on investments and implementing new accounting guidance related to the consolidation of certain sponsored investment portfolios. When aggregated, these items added $.11 in diluted earnings per common share in the quarter when compared to the prior year period. For the 2015 quarter, net... More
