Legg Mason net income falls in fourth quarter

April 30 Tue Apr 30, 2013 7:09am EDT

April 30 (Reuters) - Asset manager Legg Mason Inc on Tuesday said its profit fell sharply in its three months ended March 31.

Legg Mason of Baltimore reported net income of $29.2 million, or 23 cents per share, for its fourth fiscal quarter, compared with $76.1 million, or 54 cents per share, for the same period a year before.

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