T. Rowe Price reported its third quarter earnings fell 13% to $132.4 million, or 50 cents a share, down from $152.4 million, or 56 cents a share, in the third quarter of last year. Its revenue of $498.1 million narrowly beat analyst consensus of $496 million.

Assets under management increased 16% to $366.2 million, with $218.4 billion of that in mutual funds.

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