Investment management company T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) has announced financial results for the second quarter of 2023, reporting higher earnings and revenues.
- Second-quarter net revenues increased 6.4% year-over-year to $1.61 billion from $1.51 billion a year earlier
- Net income attributable to the company was $476.4 million in the three-month period, up 40% year-over-year
- On a per-share basis, second-quarter earnings moved up to $2.06 per share from $1.46 per share last year
- Adjusted net income was $2.02 per share in the June quarter, up 12.8% year-over-year
- At the end of the quarter, the company had assets under management of $1.40 billion, up 6.8% year-over-year
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