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TROW's earnings beat and revenue exceeded expectations, contributing to a positive outlook. However, shares still fell slightly, indicating mixed market sentiment.
What happened, with direct paths to the underlying reporting
T. Rowe Price reported Q3 earnings of $2.81 per share, surpassing estimates. Quarterly sales reached $1.893 billion, exceeding analyst expectations. Shares of TROW fell 0.9% despite strong earnings report. Analysts adjusted price targets: JP Morgan ($111), TD Cowen ($112), KBW ($117).
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StockNews.AI groups source reporting, classifies the event, and measures subsequent price movement. This is informational research, not investment advice. Prices may be delayed or unavailable.