Legg Mason Inc. Q4 Profit Climbs

(RTTNews) - Legg Mason Inc. (LM) released earnings for its fourth quarter that advanced from the same period last year.

The company's earnings totaled $76.3 million, or $0.86 per share. This compares with $75.9 million, or $0.76 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.71 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 8.6% to $785.1 million from $723.1 million last year.

Legg Mason Inc. earnings at a glance:

-Earnings (Q4): $76.3 Mln. vs. $75.9 Mln. last year. -EPS (Q4): $0.86 vs. $0.76 last year. -Analysts Estimate: $0.71 -Revenue (Q4): $785.1 Mln vs. $723.1 Mln last year.