T. Rowe Price quarterly profit rises 24 percent

Tue Jan 28, 2014 7:42am EST

Jan 28 (Reuters) - Asset manager T. Rowe Price Group Inc said fourth-quarter profit rose 24 percent.

The Baltimore company on Tuesday reported net income of $287.7 million, or $1.06 per share, compared with $232 million, or 88 cents per share, a year earlier.

Analysts on average had expected the company to earn $1.03 per share, according to Thomson Reuters I/B/E/S.

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

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