T. Rowe Price first-quarter profit rises 22 percent

April 24 Wed Apr 24, 2013 7:44am EDT

April 24 (Reuters) - Asset manager T. Rowe Price Inc said on Wednesday its first-quarter profit rose over 22 percent.

The Baltimore fund company reported net income of $241.9 million, or 91 cents per share, up from net income of $197.5 million, or 75 cents per share, for the same period a year earlier.