Legg Mason Inc. Reveals 3% Rise In Q2 Profit

(RTTNews) - Legg Mason Inc. (LM) revealed earnings for its second quarter that rose from last year.

The company said its bottom line advanced to $66.4 million, or $0.63 per share. This was up from $64.3 million, or $0.58 per share, in last year's second quarter.

Analysts had expected the company to earn $0.58 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 11.2% to $748.4 million. This was up from $673.1 million last year.

Legg Mason Inc. earnings at a glance:

-Earnings (Q2): $66.4 Mln. vs. $64.3 Mln. last year. -Earnings Growth (Y-o-Y): 3.3% -EPS (Q2): $0.63 vs. $0.58 last year. -EPS Growth (Y-o-Y): 8.6% -Analysts Estimate: $0.58 -Revenue (Q2): $748.4 Mln vs. $673.1 Mln last year. -Revenue Change (Y-o-Y): 11.2%