T. Rowe Price reported Q3 earnings of $2.57 per share, exceeding expectations, despite revenue shortfall.

T. Rowe Price Group reported a quarterly earnings per share of $2.57, exceeding expectations, while revenue was $1.79 billion, falling short of estimates. Revenue grew 6.9% year-over-year. The company's stock rose $2.20 to $112.06. They announced a quarterly dividend of $1.24, with a yield of 4.43%. Despite $12.2 billion in net outflows, T. Rowe Price aims to reduce these and strengthen its ETF and retirement fund offerings.

November 02, 2024
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