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Baltimore, Maryland-based T. Rowe Price Group, Inc. (TROW) operates as an asset manager, managing equity and fixed income mutual funds. With a market cap of $22.6 billion, the company has a vast customer base of individuals, institutional investors, retirement plans, financial intermediaries, and institutions.
The asset management firm is gearing up to announce its third-quarter results before the markets open on Friday, Oct. 31. Ahead of the event, analysts expect TROW to deliver a non-GAAP profit of $2.49 per share, down nearly 3.1% from $2.57 per share reported in the year-ago quarter. While the company has missed the Street’s bottom-line estimates once over the past four quarters, it has surpassed the projections on three other occasions.
