T. Rowe Price Group Inc. (TROW) reported that its net income allocated to common stockholders for the first quarter of 2015 was $301.1 million, unchanged from last year.
Quarterly net income rose to $309.5 million, from $304.3 million last year. Earnings per common share grew to $1.13 from $1.12 in the first quarter of 2014.
Net revenues were $1.03 billion, up from $954.6 million in the prior year.
Analysts polled by Thomson Reuters expected the company to report earnings of $1.14 per share and revenues of $1.03 billion for the quarter. Analysts' estimates typically exclude special items.
Assets under management at March 31, 2015 were $772.7 billion, an increase of $25.9 billion from the end of 2014, including market appreciation and income of $24.0 billion and net cash inflows of $1.9 billion.
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