Waddell & Reed Financial Investment Q4 Earnings Decline 22%

(RTTNews) - Waddell & Reed Financial Investment (WDR) released a profit for fourth quarter that fell from last year.

The company said its earnings totaled $62.92 million, or $0.76 per share. This was lower than $80.89 million, or $0.97 per share, in last year's fourth quarter.

The company said revenue for the quarter fell 9.1% to $361.07 million. This was down from $397.15 million last year.

Waddell & Reed Financial Investment earnings at a glance:

-Earnings (Q4): $62.92 Mln. vs. $80.89 Mln. last year. -Earnings Decline (Y-o-Y): -22.2% -EPS (Q4): $0.76 vs. $0.97 last year. -EPS Decline (Y-o-Y): -21.6% -Revenue (Q4): $361.07 Mln vs. $397.15 Mln last year. -Revenue Change (Y-o-Y): -9.1%