RTTNews | Oct 29, 2020 08:25AM EDT

08:25 Thursday, October 29, 2020 (RTTNews.com) - T. Rowe Price Group (TROW) reported earnings for its third quarter that increased from last year.

The company's bottom line totaled $643.2 million, or $2.73 per share. This compares with $545.9 million, or $2.23 per share, in last year's third quarter.

Excluding items, T. Rowe Price Group reported adjusted earnings of $602.7 million or $2.55 per share for the period.

Analysts had expected the company to earn $2.48 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 11.9% to $1.60 billion from $1.43 billion last year.

T. Rowe Price Group earnings at a glance:

-Earnings (Q3): $602.7 Mln. vs. $521.7 Mln. last year.-EPS (Q3): $2.55 vs. $2.13 last year.-Analysts Estimate: $2.48-Revenue (Q3): $1.60 Bln vs. $1.43 Bln last year.

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