U.S. Markets closed

T. Rowe: 4Q Earnings Snapshot

BALTIMORE (AP) _ T. Rowe Price Group Inc. (TROW) on Wednesday reported fourth-quarter net income of $351.9 million.

On a per-share basis, the Baltimore-based company said it had net income of $1.41.

The financial services firm posted revenue of $1.31 billion in the period, missing Street forecasts. Four analysts surveyed by Zacks expected $1.32 billion.

For the year, the company reported profit of $1.84 billion, or $7.27 per share. Revenue was reported as $5.37 billion.

T. Rowe shares have increased slightly since the beginning of the year, while the Standard & Poor's 500 index has risen slightly more than 5 percent.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TROW at https://www.zacks.com/ap/TROW