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Shares of Legg Mason (LM -2%) swing lower after the company missed FQ1 estimates this morning....

Shares of Legg Mason (LM -2%) swing lower after the company missed FQ1 estimates this morning. The asset manager posted double-digit revenue declines amid a smaller pool of assets under management and continued outflows of investor cash. The company has struggled with a dwindling asset base due to poor performance, having not seen any net inflows of investor funds since 2007.
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