(Reuters) - Legg Mason said net income rose to $172.5 million or $1.19 per share in its fourth fiscal quarter, from $150.1 million, or $1.03, a year earlier. Revenue rose 8.5 percent to a record $1.14 billion.
Wall Street analysts, according to Reuters Estimates, had forecast earnings of $1.16 for the Baltimore-based company, which swapped its brokerage arm for Citigroup's asset management division in 2005 in the biggest-ever deal in the mutual fund industry.
Read more at Reuters.com Market News
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