T. Rowe Price Group Profit Rises In Q2

(RTTNews) - T. Rowe Price Group (TROW) announced earnings for its second quarter that Increases, from the same period last year

The company's bottom line came in at $632.0 million, or $2.88 per share. This compares with $505.2 million, or $2.24 per share, last year.

Excluding items, T. Rowe Price Group reported adjusted earnings of $565.0 million or $2.57 per share for the period.

The company's revenue for the period fell 36.3% to $1.097 billion from $1.723 billion last year.

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

-Earnings: $632.0 Mln. vs. $505.2 Mln. last year. -EPS: $2.88 vs. $2.24 last year. -Revenue: $1.097 Bln vs. $1.723 Bln last year.