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Legg Mason Third Quarter Earnings Call |
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Author: Rozalina Destanova
123jump.com
Last Update: 12:13 PM EDT April 26 2008
Revenues were $1.13 billion, reflecting higher average assets under management, favorable equity market conditions and an increase in performance fees of $39.4 million from the prior quarter. Cash income from continuing operations was $226.7 million, or $1.57 per share, compared to $191.1 million, or $1.32 per share, during Q2 of fiscal 2007. Total assets under management grew to $944.8 billion as of December 31, 2006, up $53.4 billion, or 6%, from $891.4 billion at September 30, 2006. |
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