T. Rowe Price reported earnings of $128 million, or 46 cents a share, in the third quarter, up 10% from $116 million, or 43 cents a share, in the third quarter of 2005. Although the earnings fell three cents short of analysts’ expectations, assets under management reached $308 billion to set a record.

The company said its assets rose $14.4 billion in the third quarter, $4.2 billion of that in net new flows.

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