T. Rowe Price
] just reported
a four percent year-over-year increase in first quarter
earnings, and yet that still fell short of expectations [Q1 earnings report
both reported on the Baltimore-based mutual fund firm's results.
T. Rowe earned $0.75 per share, up from $0.72 in Q1 2011, but below the $0.77 expected by analysts polled by the two wire services.
The money manager received $12.4 billion of new money into its popular
offerings and institutional accounts.
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