MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, January 30, 2008 WSJ Spotlights Good Earnings In today's Wall Street Journal's Fund Track column, John Spence turns his attention to T. Rowe Price and Waddell & Reed, both of which delivered good news yesterday. The Fund Track column also covered Heartland Advisors' settlement of regulatory allegations involving the pricing of some bonds owned by Heartland's funds. The two fund firms saw their fourth quarter earnings rise fueled by interest in their investment offerings despite the volatility in the markets. Baltimore-based T. Rowe's Q4 net came in at $190.7 million, or 68 cents a share, up from $148.9 million, or 53 cents per share, in the year-ago period. Analysts predicted earnings of 63 cents a share. Overland Park, Kansas-based Waddell & Reed, for its part, registered a 17 percent rise in Q4 earnings, to $35.1 million, or 42 cents a share. Waddell & Reed's results matched expectations of analysts. For complete earnings reports see MFWire.com's Fourth Quarter 2007 Earnings Roundup Printed from: MFWire.com/story.asp?s=17265 Copyright 2008, InvestmentWires, Inc. All Rights Reserved |