T. Rowe Price’s profit and revenue for the third quarter beat expectations, sending shares to a new 52-week high. The Baltimore-based mutual fund company reported net income of $132.9 million, or 50 cents per share, down from $152.8 million, or 56 cents, a year ago. Analysts expected profit of 46 cents per share. T. Rowe Price was still feeling the lingering effects of last year’s plunging markets.
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