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As of 8:04 PM 11/26/14 All times are local (Market data is delayed by at least 15 minutes).

waddell & reed financial-a (WDR) Key Developments

Waddell & Reed Financial, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Reports Intangible Asset Impairment Charge for the Third Quarter of 2014

Waddell & Reed Financial, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total operating revenue of USD 409.558 million compared to USD 347.089 million a year ago. Operating income was USD 125.124 million compared to USD 103.270 million a year ago. Income before taxes were USD 121.150 million compared to USD 105.650 million a year ago. Net income was USD 74.586 million compared to USD 68.419 million a year ago. Basic and diluted net income per share were USD 0.89 compared to USD 0.80 a year ago. Net income, as adjusted was USD 79.566 million or USD 0.94. Operating income, as adjusted was USD 133.024. Operating margin as adjusted was USD 32.5%. For the year to date, the company reported total operating revenue of USD 1,200.608 million compared to USD 995.350 million a year ago. Operating income was USD 365.342 million compared to USD 271.215 million a year ago. Income before taxes were USD 365.858 million compared to USD 273.262 million a year ago. Net income was USD 232.438 million compared to USD 174.239 million a year ago. Basic and diluted net income per share was USD 2.74 compared to USD 2.03 a year ago. For the quarter, the company recognized an intangible asset impairment charge of USD 7.9 million.

Waddell & Reed Financial, Inc. Approves Amendment to Bylaws

On October 16, 2014, the Board of Directors of Waddell & Reed Financial, Inc. approved an amendment to the company's bylaws, effective immediately, which added a new Article VIII to the company's bylaws providing that unless the company consents in writing to the selection of an alternative forum, the sole and exclusive forum for adjudication of certain derivative and other actions against the company, its directors, officers or employees shall be a state or federal court within the State of Delaware.

Waddell & Reed Financial, Inc. Presents at Bank of America Merrill Lynch 2014 Banking & Financial Services Conference, Nov-12-2014 02:20 PM

Waddell & Reed Financial, Inc. Presents at Bank of America Merrill Lynch 2014 Banking & Financial Services Conference, Nov-12-2014 02:20 PM. Venue: The Pierre Hotel, 2 East 61st Street, New York, New York, United States. Speakers: Brent K. Bloss, Chief Financial Officer and Senior Vice President, Thomas William Butch, Chief Marketing Officer, Executive Vice President, Chairman of Waddell & Reed Inc, Chief Executive Officer of Ivy Funds Distributor Inc, President of Ivy Funds Distributor Inc and President of Waddell & Reed Inc.

Waddell & Reed Financial, Inc. Declares Quarterly Dividend on Class A Common Stock, Payable on November 3, 2014

The Board of Directors of Waddell & Reed Financial, Inc. approved a quarterly dividend on its Class A common stock of $0.34 per share payable on November 3, 2014 to stockholders of record as of October 13, 2014.

Waddell & Reed Financial, Inc. to Report Q3, 2014 Results on Oct 28, 2014

Waddell & Reed Financial, Inc. announced that they will report Q3, 2014 results at 9:00 AM, Eastern Standard Time on Oct 28, 2014

 

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