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T. Rowe Price Group, Inc. - Financial | Asset Management | USA
T. Rowe Price (TROW) Q4 Earnings Impressive, Revenues Up (Revised)
T. Rowe Price Group, Inc. TROW reported a positive earnings surprise of 4.1% in fourth-quarter 2019. Adjusted earnings per share came in at $2.03, outpacing the Zacks Consensus Estimate of $1.95. The reported figure also improved 31.8% from the year-ago quarter.
Results were driven by higher assets under management (AUM) and revenues. However, escalating expenses were an undermining factor.
Including certain non-recurring items, net income came in at $545.3 million or $2.24 per share compared with the $351.9 million or $1.41 per share recorded in the prior-year quarter.
For full-year 2019, the company reported adjusted net income of $1.98 billion or $8.07 per share as against the year-ago income of $1.81 billion or $7.15 per share. The bottom line beat the Zacks Consensus Estimate of $8.03 per share.
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https://finance.yahoo.com/news/t-rowe-pr...10242.html
![[Bild: TROWc1dl1628.png]](https://finviz.com/publish/013020/TROWc1dl1628.png)
T. Rowe Price (TROW) Q4 Earnings Impressive, Revenues Up (Revised)
T. Rowe Price Group, Inc. TROW reported a positive earnings surprise of 4.1% in fourth-quarter 2019. Adjusted earnings per share came in at $2.03, outpacing the Zacks Consensus Estimate of $1.95. The reported figure also improved 31.8% from the year-ago quarter.
Results were driven by higher assets under management (AUM) and revenues. However, escalating expenses were an undermining factor.
Including certain non-recurring items, net income came in at $545.3 million or $2.24 per share compared with the $351.9 million or $1.41 per share recorded in the prior-year quarter.
For full-year 2019, the company reported adjusted net income of $1.98 billion or $8.07 per share as against the year-ago income of $1.81 billion or $7.15 per share. The bottom line beat the Zacks Consensus Estimate of $8.03 per share.
...
https://finance.yahoo.com/news/t-rowe-pr...10242.html
