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UPDATE: Legg Mason Q1 Net Profit Up 10%

Legg Mason Inc (NYSE: LM) reported a 10% rise in its fourth-quarter earnings.

Legg Mason's quarterly net income climbed to $76.1 million, or $0.54 per share, from $69 million, or $0.45 per share, in the year-ago period.

Analysts were expecting earnings of $0.47 per share.

Legg Mason shares closed at $26.07 yesterday.

Posted-In: profitEarnings News

 

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