T. Rowe Price Group Q3 adjusted earnings Beat Estimates

(RTTNews) - T. Rowe Price Group (TROW) revealed earnings for third quarter that decreased from the same period last year.

The company's bottom line totaled $532.0 million, or $2.23 per share. This compares with $569.3 million, or $2.30 per share, in last year's third quarter.

Excluding items, T. Rowe Price Group reported adjusted earnings of $521.7 million or $2.13 per share for the period.

Analysts had expected the company to earn $1.98 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 2.9% to $1.43 billion from $1.39 billion last year.

T. Rowe Price Group earnings at a glance:

-Earnings (Q3): $521.7 Mln. vs. $505.0 Mln. last year. -EPS (Q3): $2.13 vs. $1.99 last year. -Analysts Estimate: $1.98 -Revenue (Q3): $1.43 Bln vs. $1.39 Bln last year.