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T.Rowe Price 3Q earnings 63 cents a share


Published : Tue, 23 Oct 2007 13:07
By : Agencies
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NEW YORK (Thomson Financial) - T. Rowe Price Group Inc. Tuesday reported third-quarter net income of $174.8 million, or 63 cents a share, matching the mean estimate of analysts polled by Thomson Financial.

Revenue rose to $571 million from $450.6 million a year earlier, but fell short of Wall Street's $577.7 million estimate.

Shares of T. Rowe closed at $54.69 on Monday.

Christie Rizk

cr/pc

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Copyright Thomson Financial News Limited 2007. All rights reserved.

The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.

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