Legg Mason net income falls in fourth quarter

Tue Apr 30, 2013 7:09am EDT

(Reuters) - Asset manager Legg Mason Inc (LM.N) 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.

(Reporting by Ross Kerber; Editing by Gerald E. McCormick)

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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