T. Rowe Price Q4 Earnings Miss Expectations

BALTIMORE, MD - T. Rowe Price Group Inc. (TROW) reported fourth-quarter earnings of $439.9 million, or $1.92 per share. Adjusted for non-recurring costs, earnings were $2.12 per share, falling short of analyst estimates of $2.23.

Revenue for the quarter was $1.82 billion, also below expectations of $1.88 billion.

For the full year, T. Rowe Price reported a profit of $2.1 billion, or $9.15 per share, on revenue of $7.09 billion.