Legg Mason Inc. announced Thursday that its profits increased from a year earlier in its fiscal third quarter, which ended Dec. 31, but declined slightly from the previous quarter as assets managed by the Baltimore-based company fell.
Legg Mason reported net income of $44.9 million, or 28 cents a share, down 1.96% from the previous quarter but up from a $1.5 billion loss a year earlier. The global asset manager missed analyst estimates by three cents, according to Thomson Reuters.
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