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25.07.2017 13:35
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PR Newswire
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T. Rowe Price Group Reports Second Quarter 2017 Results
Das Firmenschild der T. Rowe Price Group in Colorado Springs in Colorado, USA.
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PR Newswire
BALTIMORE, July 25, 2017
BALTIMORE, July 25, 2017 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported its second quarter of 2017 results, including net revenues of $1.2 billion, net income of $373.9 million, and diluted earnings per common share of $1.50. On a comparable basis, net revenues were $1.0 billion, net income was $203.3 million, and diluted earnings per common share was $.79 in the second quarter of 2016. The 2016 results included the nonrecurring operating charge of $166.2 million related to the Dell appraisal rights matter, which reduced net income by $100.7 million, or $.39 in diluted earnings per common share. A summary of the impact the matter has had on the firm's periodic financial results is summarized in a table at the back of this release. Adjusted diluted earnings per share for the second quarter of 2017 is up 15.3% compared to the 2016 quarter.
Financial Highlights
The table below presents financial results on a U.S. GAAP basis as well as a non-GAAP basis that adjusts for the impact of the Dell appraisal rights matter, the firm's consolidated sponsored investment portfolios, and other non-operating income. The firm believes the non-GAAP financial measures below provide relevant and meaningful information to investors about its core operating results.
| | Three months ended | | Six months ended | ||||||||||||||||||
| (in millions, except per-share data) | 6/30/2016 | (1) | 6/30/2017 | | % | | 6/30/2016 | (1) | 6/30/2017 | | % | ||||||||||
| | | | | | | | | | | | | ||||||||||
| U.S. GAAP Basis | | | | | | | | | | | | ||||||||||
| Investment advisory fees | $ | 920.6 | | | $ | 1,043.9 | | | 13.4 | % | | $ | 1,791.4 | | | $ | 2,035.0 | | | 13.6 | % |
| Net revenues | $ | 1,044.7 | | | $ | 1,171.6 | | | 12.1 | % | | $ | 2,038.8 | | | $ | 2,285.2 | | | 12.1 | % |
| Operating expenses | $ | 761.2 | | | $ | 664.0 | | | (12.8)% | | | $ | 1,344.4 | | | $ | 1,255.9 | | | (6.6)% | |
| Net operating income | $ | 283.5 | | | $ | 507.6 | | | 79.0 | % | | $ | 694.4 | | | $ | 1,029.3 | | | 48.2 | % |
| Non-operating income | $ | 41.5 | | | $ | 112.0 | | | 169.9 | % | | $ | 126.6 | | | $ | 227.0 | | | 79.3 | % |
| Net income attributable to T. Rowe Price Group | $ | 203.3 | | | $ | 373.9 | | | 83.9 | % | | $ | 507.4 | | | $ | 759.8 | | | 49.7 | % |
| Diluted earnings per common share | $ | .79 | | | $ | 1.50 | | | 89.9 | % Werbung Mehr Nachrichten zur T. Rowe Price Group Aktie kostenlos abonnieren
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