Waddell & Reed Financial Investment Bottom Line Climbs 11% In Q3

(RTTNews) - Waddell & Reed Financial Investment (WDR) announced a profit for its third quarter that advanced compared to the same period last year.

The company said its bottom line advanced to $53.28 million, or $0.64 per share. This was higher than $48.06 million, or $0.58 per share, in last year's third quarter.

The company said revenue for the quarter fell 19.4% to $303.09 million. This was down from $376.11 million last year.

Waddell & Reed Financial Investment earnings at a glance:

-Earnings (Q3): $53.28 Mln. vs. $48.06 Mln. last year. -Earnings Growth (Y-o-Y): 10.9% -EPS (Q3): $0.64 vs. $0.58 last year. -EPS Growth (Y-o-Y): 10.3% -Revenue (Q3): $303.09 Mln vs. $376.11 Mln last year. -Revenue Change (Y-o-Y): -19.4%