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Sep 30, 2024
T. Rowe Price Q3 2024 Earnings Report
T. Rowe Price reported Q3 2024 results with EPS of $2.64 and adjusted EPS of $2.57.
Key Takeaways
T. Rowe Price Group reported Q3 2024 results, with encouraging signs of progress in strategic initiatives and long-term performance. Quarter-end assets under management reached $1.63 trillion, despite net client outflows of $12.2 billion. The firm returned $354 million to stockholders through dividends and stock repurchases.
Assets under management at quarter-end reached $1.63 trillion.
Net client outflows totaled $12.2 billion.
Diluted earnings per common share (EPS) were $2.64.
Adjusted diluted EPS amounted to $2.57.
Forward Guidance
The firm estimates that its effective tax rate for the full year 2024 will be in the range of 23.5% to 26.5% on a U.S. GAAP basis, and 23.5% to 25.5% on a non-GAAP basis.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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