MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
|
|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, October 27, 2004 T. Rowe Price, Off by a Penny While T. Rowe Price reported third quarter earnings up 25 percent from the same period last year, the earnings missed analysts' expectations by one penny. The Baltimore, Maryland-based money manager reported diluted earnings per share of $0.62. Assets under management were $212 billion at the end of the third quarter, $130.3 billion in U.S. mutual funds and $81.7 billion in separate accounts, subadvised funds and non-U.S. mutual funds. Total assets under management increased by three percent, or $5.2 billion from $206.8 bill at the end of the second quarter. Mutual fund assets grew more $2 billion from last quarter, an increase of one percent. Three-quarters of net inflows went to four funds -- the Growth Stock, Equity Income, Mid-Cap Value and Capital Appreciation funds. T. Rowe said mutual fund inflows came from all channels, including retail, defined contribution retirement plans, and intermediary-sold. Printed from: MFWire.com/story.asp?s=8328 Copyright 2004, InvestmentWires, Inc. All Rights Reserved |