Waddell & Reed Financial Investment Bottom Line Falls In Q2

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

The company's bottom line came in at $33.95 million, or $0.45 per share. This compares with $44.48 million, or $0.55 per share, in last year's second quarter.

Analysts had expected the company to earn $0.38 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 8.5% to $270.15 million from $295.34 million last year.

Waddell & Reed Financial Investment earnings at a glance:

-Earnings (Q2): $33.95 Mln. vs. $44.48 Mln. last year. -EPS (Q2): $0.45 vs. $0.55 last year. -Analysts Estimate: $0.38 -Revenue (Q2): $270.15 Mln vs. $295.34 Mln last year.