Legg Mason Inc. Q4 adjusted earnings Beat Estimates

(RTTNews) - Legg Mason Inc. (LM) reported earnings for its fourth quarter that advanced from last year.

The company's profit came in at $64.16 million, or $0.70 per share. This compares with $49.49 million, or $0.56 per share, in last year's fourth quarter.

Excluding items, Legg Mason Inc. reported adjusted earnings of $93.17 million or $1.02 per share for the period.

Analysts had expected the company to earn $0.88 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 3.9% to $719.59 million from $692.61 million last year.

Legg Mason Inc. earnings at a glance:

-Earnings (Q4): $93.17 Mln. vs. $59.80 Mln. last year. -EPS (Q4): $1.02 vs. $0.67 last year. -Analysts Estimate: $0.88 -Revenue (Q4): $719.59 Mln vs. $692.61 Mln last year.