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Article: Waddell & Reed Financial, Inc. Reports Fourth Quarter Results; - Diluted earnings per share of $0.31 for the quarter; $1.25 for the year.
- Article from:
- PR Newswire
- Article date:
- January 27, 2005
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Waddell & Reed Financial, Inc. reported fourth quarter net income of $25.7 million, or $0.31 per diluted share, compared to $23.4 million, or $0.29 per diluted share, in the third quarter of 2004 and net income of $28.1 million, or $0.34 per diluted share, in last year's comparable period. Full year 2004 net income was $102.2 million, or $1.25 per diluted share, compared to adjusted net income of $93.0 million, or $1.13 per diluted share, in 2003. The results for 2003 were adjusted to exclude an after-tax charge of $17.2 million ($0.21 per diluted share) taken as a result of our stock option tender offer and an after-tax charge of $21.5 million ($0.26 per diluted share) ...