Waddell & Reed Financial Investment Reveals Fall In Q1 Earnings

(RTTNews) - Waddell & Reed Financial Investment (WDR) reported a profit for first quarter that declined from last year.

The company's earnings came in at $32.1 million, or $0.42 per share. This compares with $46.3 million, or $0.56 per share, in last year's first quarter.

Analysts had expected the company to earn $0.36 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 12.8% to $259.41 million from $297.62 million last year.

Waddell & Reed Financial Investment earnings at a glance:

-Earnings (Q1): $32.1 Mln. vs. $46.3 Mln. last year. -EPS (Q1): $0.42 vs. $0.56 last year. -Analysts Estimate: $0.36 -Revenue (Q1): $259.41 Mln vs. $297.62 Mln last year.