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Article: Waddell & Reed Financial, Inc. Reports Fourth Quarter Adjusted Net Income Per Share of $0.46, Up 40.8%.
- Article from:
- PR Newswire
- Article date:
- January 27, 2000
CopyrightCOPYRIGHT 2000 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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OVERLAND PARK, Kan., Jan. 27 /PRNewswire/ --- Waddell & Reed Financial, Inc. (NYSE: WDR and WDR.B) today reported fourth quarter net income of $26.9 million or $0.46 per share on a diluted basis, before two previously announced nonrecurring items. For the year ended 1999, adjusted net income was $96.4 million or $1.58 per diluted share compared with $88.1 million or $1.33 last year. As previously announced, a pre-tax charge of $19.0 million was taken in the fourth quarter to reflect the restructuring of the Company's mutual fund products. Also, in the fourth quarter, the Company completed the sale of a portion of its real estate holdings by selling multi-tenant ...