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.
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.