Legg Mason Q3 Profit Declines - Quick Facts

(RTTNews) - Legg Mason, Inc. (LM) reported third-quarter net income to company of $77.04 million or $0.67 per share, compared to $81.73 million or $0.67 per share, prior year. Adjusted income for the third quarter was $113.1 million, or $0.98 per share.

On average, 15 analysts polled by Thomson Reuters expected the company to report profit per share of $0.67 for the quarter. Analysts' estimates typically exclude special items.

Operating revenues decreased to $718.98 million from $720.09 million last year. Analysts expected revenue of $714.34 million for the quarter.