Investing.com - T Rowe reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
T Rowe announced earnings per share of $2.29 on revenue of $1.42B. Analysts polled by Investing.com anticipated EPS of $2.1 on revenue of $1.4B.
T Rowe shares are up 9% from the beginning of the year , still down 4.21% from its 52 week high of $139.81 set on February 11. They are outperforming the S&P 500 which is down 0.38% from the start of the year.
T Rowe shares lost 0.69% in pre-market trade following the report.
T Rowe follows other major Financial sector earnings this month
T Rowe's report follows an earnings beat by JPMorgan on July 14, who reported EPS of $1.38 on revenue of $33.82B, compared to forecasts EPS of $1.15 on revenue of $30.41B.
UnitedHealth had beat expectations on July 15 with second quarter EPS of $7.12 on revenue of $62.14B, compared to forecast for EPS of $5.28 on revenue of $63.48B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar