Waddell & Reed Financial Investment Q1 Income Rises

(RTTNews) - Waddell & Reed Financial Investment (WDR) released earnings for its first quarter that climbed from last year.

The company's bottom line came in at $46.34 million, or $0.56 per share. This compares with $33.87 million, or $0.40 per share, in last year's first quarter.

Analysts had expected the company to earn $0.54 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 3.9% to $297.62 million from $286.56 million last year.

Waddell & Reed Financial Investment earnings at a glance:

-Earnings (Q1): $46.34 Mln. vs. $33.87 Mln. last year. -EPS (Q1): $0.56 vs. $0.40 last year. -Analysts Estimate: $0.54 -Revenue (Q1): $297.62 Mln vs. $286.56 Mln last year.