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T. Rowe Price Beats Targets
Shares in asset manager T. Rowe Price (TROW Quote) rose after the company reported a 41% jump in fourth-quarter earnings.
Baltimore-based T. Rowe earned $97 million, or 71 cents a share, in its fiscal fourth quarter, compared with $69 million, or 53 cents, in the year-ago period. Revenue rose 22% from a year ago to $345 million.
Analysts surveyed by Thomson First Call had expected the company to post earnings of 66 cents a share on revenue of $338 million. ...
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