Waddell & Reed Financial Investment Bottom Line Climbs In Q2

(RTTNews) - Waddell & Reed Financial Investment (WDR) revealed earnings for its second quarter that advanced from last year.

The company's profit came in at $44.48 million, or $0.55 per share. This compares with $24.06 million, or $0.29 per share, in last year's second quarter.

Analysts had expected the company to earn $0.48 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 3.0% to $295.34 million from $286.66 million last year.

Waddell & Reed Financial Investment earnings at a glance:

-Earnings (Q2): $44.48 Mln. vs. $24.06 Mln. last year. -EPS (Q2): $0.55 vs. $0.29 last year. -Analysts Estimate: $0.48 -Revenue (Q2): $295.34 Mln vs. $286.66 Mln last year.