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Shares of T. Rowe Price Group (NASDAQ:TROW) rose 7% after the company reported Q1 results.
Quarterly Results
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Earnings per share increased 0.00% over the past year to $1.87, which beat the estimate of $1.79.
Revenue of $1,463,000,000 rose by 10.25% year over year, which beat the estimate of $1,430,000,000.
Outlook
T. Rowe Price Group hasn't issued any earnings guidance for the time being.
Revenue guidance hasn't been issued by the company for now.
Details Of The Call
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Date: Apr 28, 2020
Time: 10:00 AM ET
Webcast URL: https://troweprice.gcs-web.com/events
Recent Stock Performance
52-week high: $139.81
Company's 52-week low was at $82.51
Price action over last quarter: down 16.76%
Company Profile
T. Rowe Price provides asset-management services for individual and institutional investors. It offers a broad range of no-load U.S. and international stock, hybrid, bond, and money market funds. At the end of March 2020, the firm had $1.009 trillion in managed assets, composed of equity (55%), balanced (31%) and fixed-income (14%) offerings. Approximately two thirds of the company's managed assets are held in retirement-based accounts, which provides T. Rowe Price with a somewhat stickier client base than most of its peers. The firm also manages private accounts, provides retirement planning advice, and offers discount brokerage and trust services. The company is primarily a U.S.-based asset manager, deriving just 7% of its AUM from overseas.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.