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Rating:T. Rowe: Adds Independent Director, Earnings Up 80% Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, April 08, 2004

T. Rowe: Adds Independent Director, Earnings Up 80%

by: Theresa Sim

In T. Rowe Price's annual meeting Thursday, the company's shareholders are expected to elect 11 nominees to the Board of Directors -- ten incumbents and one newcomer, Dwight S. Taylor, president of Corporate Development Services (CDS).

Taylor has been President of CDS, a commercial real estate developer, since 1999. Taylor is also a director of MICROS Systems, Inc., an information technology provider.

George A. Roche, Chairman and President of T. Rowe, will announce first quarter 2004 gains of 80 percent in diluted earnings per share and a 40 percent growth in net revenues versus the same period last year. EPS was $0.31 and net revenues were $219 million at the end of the first quarter in 2003.

Roche's prepared statement included "it is also important to note that the first quarter of 2003 was a relatively weak one."

T. Rowe Price will release first quarter earnings on April 27, 2004. 

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