T. Rowe Price: Q4 EPS Miss, AUM Surges

Asset management firm T. Rowe Price Group (NASDAQ:TROW) reported fourth-quarter and full-year 2024 earnings on Wednesday, Feb. 5, that fell short of analysts' consensus estimates. The company reported a year-over-year increase in revenue and assets under management (AUM), yet it missed analysts' expectations for both adjusted earnings per share (EPS) and revenue. The adjusted EPS was $2.12, lower than the expected $2.19, while net revenue for the quarter hit $1.82 billion, missing the anticipated $1.87 billion. Overall, T. Rowe Price's quarter reveals resilience in a competitive industry but highlights challenges related to client outflows and fee pressures.Source: T. Rowe Price. Note: Analyst consensus estimates for the quarter provided by FactSet. YOY = Year over year. AUM = Assets under managementContinue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool