Legg Mason Inc. Q2 Earnings Advance 144%

(RTTNews) - Legg Mason Inc. (LM) announced a profit for its second quarter that increased compared to the same period last year.

The company said its bottom line came in at $99.1 million, or $0.89 per share. This was higher than $40.6 million, or $0.35 per share, in last year's second quarter.

The company said revenue for the quarter fell 4.4% to $673.1 million. This was down from $703.9 million last year.

Legg Mason Inc. earnings at a glance:

-Earnings (Q2): $99.1 Mln. vs. $40.6 Mln. last year. -Earnings Growth (Y-o-Y): 144.1% -EPS (Q2): $0.89 vs. $0.35 last year. -EPS Growth (Y-o-Y): 154.3% -Revenue (Q2): $673.1 Mln vs. $703.9 Mln last year. -Revenue Change (Y-o-Y): -4.4%