T. Rowe Price Profit Soars

T. Rowe Price Group Inc.’s (TROW) fourth quarter 2010 earnings of 72 cents per share were significantly up from 57 cents reported in the prior-year quarter. Higher-than-expected top-line growth and higher assets under management (AUM), partially offset by higher operating expenses, cumulated in improved performance. The quarter’s earnings also outpaced the Zacks Consensus Estimate of [...]