T. Rowe Price Non-GAAP EPS of $1.86 in-line, revenue of $1.59B beats by $60M

Oct. 27, 2022 7:20 AM ETT. Rowe Price Group, Inc. (TROW)By: Gaurav Batavia, SA News Editor1 Comment
  • T. Rowe Price press release (NASDAQ:TROW): Q3 Non-GAAP EPS of $1.86 in-line.
  • Revenue of $1.59B (-18.5% Y/Y) beats by $60M.
  • Quarter end assets under management of $1.23 trillion
  • Net client outflows of $24.6 billion. Outflows of $24.6 billion in the quarter continue to be largely driven by a handful of growth-oriented equity strategies, amplified in this quarter with redemptions from a few large institutional clients. Fixed income outflows were $2.4 billion in the quarter.

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