T. Rowe Price Reports Strong Q2 Earnings Amid Record Assets Under Management
T. Rowe Price (NASDAQ: TROW) reported better-than-expected earnings for the second quarter, driven by controlled expenses and increased investment gains. Despite a small revenue miss, the asset manager's stock rose 2.0% in premarket trading on Friday. The firm also achieved record assets under management (AUM), highlighting strong performance across its portfolio. The company corrected several figures post-earnings release, including current quarter outflows and effective fee rate adjustments as well as prior-quarter administration fees and Q2 2025 investment gains. These corrections reflect ongoing efforts to provide accurate financial reporting.
Tickers: $TROW