Legg Mason Expects Q3 Profit Above Analysts' Consensus - Quick Facts

(RTTNews) - Legg Mason Inc. (LM) announced, in connection with a potential refinancing of all, or a portion of its currently outstanding bank term loan, the company expects net income for the quarter ended December 31, 2013 to be in the range of $79 million to $83 million or $0.65 to $0.68 per share.

On average, 17 analysts polled by Thomson Reuters expected the company to report profit per share of $0.61 for the quarter. Analysts' estimates typically exclude special items.

Legg Mason's preliminary assets under management as of December 31, 2013 were $680 billion.