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, October 26, 2010 Barron's Weighs In On T. Rowe's Earning's T. Rowe Price Group [see profile] reported third-quarter 2010 earnings per share of 64 cents, seven percent above a street estimate of 60 cents, Barron's reports. The MFWire reported on the company's earning's last week. In additon, Barron's says T. Rowe is reducing its fourth-quarter 2010 EPS estimate to 61 cents to reflect the announced $17 million pretax (four cents per share) charge related to money market funds as well as $10 million (two cents per share) of sequentially-higher marketing spending. But T. Rowe is raising its 2011 EPS estimate by 3.5 percent to $2.89 primarily to reflect a higher level of third-quarter 2010 ending AUM. "Embedded in our estimate are a 44.5 percent operating margin and 6.7 percent organic growth ($30 billion of net flows)," it said. Printed from: MFWire.com/story.asp?s=33815 Copyright 2010, InvestmentWires, Inc. All Rights Reserved |