earnings
confidence high
sentiment neutral
materiality 0.75
T. Rowe Price Q3 GAAP EPS $2.64, revenue $1.79B; AUM $1.63T with $12.2B outflows
PRICE T ROWE GROUP INC
2024-Q3 EPS reported
$7.23
revenue$5,269,100,000
- GAAP diluted EPS $2.64 vs $1.97 YoY; adjusted diluted EPS $2.57 vs $2.17.
- Net revenues $1.79B, up 6.9% YoY; investment advisory fees $1.63B, up 11.5%.
- Total AUM $1.63T, up 21.1% YoY; net client outflows of $12.2B in Q3.
- Non-operating income $212.5M vs $2.8M YoY, driven by strong investment gains.
- Returned $354M to shareholders via quarterly dividend and share repurchases.