Article: Legg Mason Reports Record Quarter and Year Results; Assets Under Management Reach $286 Billion.

Legg Mason, Inc. today reported record net revenues, net earnings and diluted earnings per share for both its fourth fiscal quarter and fiscal year ended March 31, 2004. For the fiscal year, net earnings were $297.8 million, up 56% from last year's record results, based on net revenues of $1.941 billion, up 29% from last year, which was also the prior record. Diluted earnings per share were $4.06 for the fiscal year, 46% above last year's prior record of $2.78.

For the quarter ended March 31, 2004, net revenues, net earnings and diluted earnings per share also set new records: net revenues were up 49% over the prior year quarter, to $559.6 million; net earnings ...

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