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Stock impact report

Why T. Rowe Price (TROW) Shares Are Sliding Today [Yahoo! Finance]

T. Rowe Price Group, Inc. (TROW) 
Last t. rowe price group, inc. earnings: 4/28 07:30 am Check Earnings Report
US:NASDAQ Investor Relations: trow.client.shareholder.com
Company Research Source: Yahoo! Finance
The investment management firm posted revenue of $1.93 billion and adjusted earnings of $2.44 per share, both of which narrowly missed Wall Street's projections. While the company's assets under management (AUM) of $1.8 trillion slightly exceeded expectations, this positive was not enough to offset investor concerns about the top- and bottom-line misses. The overall softer-than-expected results prompted a negative reaction from the market, leading to the stock's decline. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy T. Rowe Price? Access our full analysis report here, it's free T. Rowe Price's shares are not very volatile and have only had 3 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business. The biggest move we wrote Show less Read more
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