T Rowe reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
T Rowe announced earnings per share of $1.87 on revenue of $1.46B. Analysts polled by anticipated EPS of $1.71 on revenue of $1.42B. That with comparison to EPS of $2.09 on revenue of $1.33B in the same period a year before. T Rowe had reported EPS of $2.24 on revenue of $1.47B in the previous quarter. Analysts are expecting EPS of $1.67 and revenue of $1.3B in the upcoming quarter.
T Rowe shares are down 12% from the beginning of the year , still down 23.83% from its 52 week high of $139.81 set on February 11. They are under-performing the S&P 500 which is down 11.29% year to date.
T Rowe shares gained 0.23% in pre-market trade following the report.
T Rowe follows other major Financial sector earnings this month
T Rowe's report follows an earnings missed by JPMorgan on April 14, who reported EPS of $0.78 on revenue of $29.07B, compared to forecasts EPS of $1.87 on revenue of $29.54B.
UnitedHealth had beat expectations on April 15 with first quarter EPS of $3.72 on revenue of $64.42B, compared to forecast for EPS of $3.63 on revenue of $64.16B.
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