T. Rowe Price Group Inc (NASDAQ:TROW) announced its earnings results on Wednesday, July, 24th. The asset manager reported $2.03 earnings per share for the quarter, topping the Zacks' consensus estimate of $1.88 by $0.15. The asset manager earned $1.40 billion during the quarter, compared to analysts' expectations of $1.39 billion. T. Rowe Price Group had a net margin of 35.05% and a return on equity of 28.93%. The firm's revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter last year, the business posted $1.87 earnings per share.
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