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Funding administration firm T. Rowe Value Group, Inc. (NASDAQ-GS: TROW) has introduced monetary outcomes for the second quarter of 2023, reporting greater earnings and revenues.
- Second-quarter web revenues elevated 6.4% year-over-year to $1.61 billion from $1.51 billion a yr earlier
- Internet revenue attributable to the corporate was $476.4 million within the three-month interval, up 40% year-over-year
- On a per-share foundation, second-quarter earnings moved as much as $2.06 per share from $1.46 per share final yr
- Adjusted web revenue was $2.02 per share within the June quarter, up 12.8% year-over-year
- On the finish of the quarter, the corporate had belongings beneath administration of $1.40 billion, up 6.8% year-over-year