T. Rowe Price reports Q4 adjusted EPS $1.72, consensus $1.59

Reports Q4 revenue $1.64B, consensus $1.61B. Reports 2023 year-end assets under management of $1.445T. CEO Rob Sharps commented, “2023 was a challenging year for us with substantial net outflows. But 2023 also brought progress. Investment performance improved, as seen in our large cap growth funds which had a very strong year. We advanced important work to ensure our firm is positioned for future growth. We are seeing a number of early indicators that support our confidence that better days are ahead, and that we will deliver compelling value for our clients, our associates, and our stockholders.”