Wednesday, July 25, 2007

T. Rowe Price posts higher quarterly profit

(Reuters) - Wall Street analysts had expected earnings of 58 cents a share.




T. Rowe Price, which has been managing money in Baltimore since 1937, said revenue rose 18 percent to $551 million as assets under management, used to calculate fees in the money-management industry, climbed to a record $379.8 billion.


Read more at Reuters.com Market News

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