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Rating:Ivy's Parent Beats Expectations Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, April 30, 2012

Ivy's Parent Beats Expectations

by: Erin Kello

Waddell & Reed [profile], parent to the Ivy Funds [profile], boosted its earnings in the first quarter of 2012.

The Overland Park, Kansas-based asset manger reported earnings of $0.55 per share, passing Thompson Reuters analysts' estimates of $0.49.

Waddell also beat $0.53 it earned in Q1 2011.  

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