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U.S. Securities and Exchange Commission
T. Rowe Price earnings rise 12 percent in third quarter
T. Rowe Price earnings rise 12 percent in third quarter

Despite market swings that reduced the assets it manages, T. Rowe Price Group Inc.'s earnings rose 12 percent in the third quarter of 2014, driven by a rise in investment advisory revenues. The money manager made $303.6 million in the quarter ended Sept. 30, compared to $270.3 million in 2013's third quarter, the company reported Thursday. On a per-share basis, it earned $1.12, up from $1 a year earlier. Revenue reached $1 billion for the quarter, up from $884.4 million in the same quarter last year. Assets managed by the firm were $731.2 billion at the end of September, down $7.2 billion from the three-month period ending in June. The company attributed the decline to...

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