27.10.2023 13:15:27 - dpa-AFX: T. Rowe Price Group Q3 Profit Increases, beats estimates

WASHINGTON (dpa-AFX) - T. Rowe Price Group (TROW) reported earnings for its
third quarter that increased from last year and beat the Street estimates.

The company's earnings came in at $442.6 million, or $1.97 per share. This
compares with $375.2 million, or $1.66 per share, in last year's third quarter.

Excluding items, T. Rowe Price Group reported adjusted earnings of $499.5
million or $2.17 per share for the period.

Analysts on average had expected the company to earn $1.78 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.

The company's revenue for the quarter rose 5.0% to $1.67 billion from $1.59
billion last year.

T. Rowe Price Group earnings at a glance (GAAP) :

-Earnings (Q3): $442.6 Mln. vs. $375.2 Mln. last year.
-EPS (Q3): $1.97 vs. $1.66 last year.
-Analyst Estimate: $1.78
-Revenue (Q3): $1.67 Bln vs. $1.59 Bln last year.


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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
T.ROW.PR.GRP DL-,20 870967 Frankfurt 108,360 03.06.24 08:09:27 +2,140 +2,01% 106,340 106,620 108,360 106,220

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