T. Rowe: Q3 Earnings Snapshot

BALTIMORE (AP) — BALTIMORE (AP) — T. Rowe Price Group Inc. (TROW) on Friday reported third-quarter profit of $453.2 million.

On a per-share basis, the Baltimore-based company said it had profit of $1.97. Earnings, adjusted for non-recurring costs, came to $2.17 per share.

The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.76 per share.

The financial services firm posted revenue of $1.67 billion in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $1.64 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TROW at https://www.zacks.com/ap/TROW