Search
 

T. Rowe shares positive results in Q2

T. Rowe Price said it had net revenues of $736.8 million, net income of $206.8 million, and diluted earnings per common share of $.79, in the second quarter vs. year-ago net revenues of $713.7 million, net income of $204.7 million and diluted earnings per common share of $.76.

By Janet Levaux | Updated on August 23, 2012

T. Rowe Price said it had net revenues of $736.8 million, net income of $206.8 million, and diluted earnings per common share of $.79, in the second quarter vs. year-ago net revenues of $713.7 million, net income of $204.7 million and diluted earnings per common share of $.76.

Investment-advisory revenues for the most-recent period grew by $18.3 million to $630.0 million from the comparable 2011 period, and average assets under management were up $23.4 billion, or 4.5 percent. Total assets under management were $541.7 billion as of June 30, a drop of $13.1 billion from $554.8 billion on March 31. Net cash inflows in the second quarter of 2012 were $4.7 billion, including $2.8 billion in the target-date retirement portfolios; these were offset by $17.8 billion in market depreciation.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2024 ALM Global, LLC. All Rights Reserved.