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T. Rowe Price Q3 earnings surpass expectations

The exterior of T. Rowe Price Group's new global headquarters in Baltimore's Harbor Point. (Courtesy T. Row Price)

The exterior of T. Rowe Price Group's new global headquarters in Baltimore's Harbor Point. (Courtesy T. Row Price)

T. Rowe Price Q3 earnings surpass expectations

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T. Rowe Price Group Inc. (TROW) on Friday reported third-quarter profit of $646.1 million.

On a per-share basis, the -based company said it had profit of $2.87. , adjusted for one-time gains and costs, were $2.81 per share.

The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.55 per share.

The financial services firm posted revenue of $1.89 billion in the period, also topping Wall Street forecasts. Four analysts surveyed by Zacks expected $1.85 billion.

This story was generated by Automated Insights using data from Zacks Investment Research. Access a Zacks stock report on UONEK.