T. Rowe Price reports Q2 EPS $2.24, consensus $2.13

Reports Q2 revenue $1.72B, consensus $1.75B. Rob Sharps, chair, CEO, and president, commented, “We are building momentum for the long-term-growing our ETF business, leveraging partnerships to extend our reach, and expanding our leadership in retirement. We have developed a broad and ongoing plan to reduce our expense growth over time while continuing to invest in capabilities and client reach. We believe that our plan will drive efficiency to fund investment in the future of the business. While we acknowledge the short-term headwinds, we are confident we are positioned to take advantage of the opportunities ahead.”