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UPDATE: Waddell & Reed Posts Higher Q3 Profit

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Waddell & Reed Financial (NYSE: WDR) reported a rise in its third-quarter profit.

Its quarterly net income from continuing operations climbed to $52.1 million, or $0.61 per share, versus $39.4 million, or $0.46 per share, in the year-earlier period.

Waddell & Reed's total operating revenue gained 5% to $293.4 million.

Waddell & Reed shares closed at $32.62 on Friday.

Posted-In: profitEarnings News

 

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