Friday, April 29, 2016

Legg Mason Falls To Loss In Q4

Legg Mason Inc. (LM) Friday announced fourth quarter net loss attributable to the company of $45.273 million from a profit of $82.959 million in the prior year. On a per share basis, loss was $0.43, compared to profit of $0.73 per share. The current quarter's results included acquisition and transition-related costs of $49.1 million, or $0.29 per diluted share, and a compensation charge related to the Royce management equity plan grant of $21.4 million, or $0.13 per diluted share.

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