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 |
|
Tuesday, July 27, 2004 T. Rowe: Record Earnings Short of Expectations T. Rowe Price's diluted earnings per share for the second quarter were a record $0.60, but still two pennies shy of analysts' expectations. Total assets under management were $206.8 billion at June 30, up 2.8 percent from $201 billion at March 30. Mutual funds assets comprised $128.3 billion at the end of the second quarter. Of the total $5.8 billion increase in assets, $4.2 billion were due to net inflows. Mutual funds gained $1.9 billion of total net inflows, an increase of 1.5 percent. Investors poured 75 percent of the $1.9 billion in assets to three domestic stock funds -- Mid-Cap Value, Equity Income and Growth Stock. At the end of June, the Mid-Cap Value had $3.4 billion in assets, the Equity Income fund had $15.5 billion in assets, and the Growth Stock fund had $6.8 billion in assets. Printed from: MFWire.com/story.asp?s=7697 Copyright 2004, InvestmentWires, Inc. All Rights Reserved |