Legg Mason earnings rose 7% for quarter

July 21, 1993|By David Conn | David Conn,Staff Writer

Legg Mason Inc., the Baltimore-based investment banking firm, yesterday reported revenue and earnings in the three months ending June 30 that are higher than those of a year ago.

The company, the parent of the Legg Mason Wood Walker Inc. brokerage firm, said its revenues gained 12 percent, to $91.3 million, compared with the same period in 1992.

Earnings rose 7 percent in the quarter, to $8.1 million, or 85 cents a share, from $7.6 million, or 83 cents a share, in the same period in 1992.

Legg .. .. .. .. Ticker .. .. .. .. .. .. Yesterday's

Mason Inc .. .. .Symbol .. .. .. .. .. .. Cls. .. .. .. .. Chg.

.. .. .. .. .. ..LM .. .. .. .. .. .. .. 28 1/8 .. .. .. .. ..- 7/8

Period ended

June 30, 1993 .. 1st qtr. .. .. .. .. .. .. Year ago .. .. .. Chg.

Revenue .. .. .. $91,348 .. .. .. .. .. .. .. $81,219 .. .. .. +12.5%

Net Income.. .. ..$8,132 .. .. .. .. .. .. .. $7,604 .. .. .. ..+6.9%

Primary EPS. .. ..$0.85 .. .. .. .. .. .. .. ..$0.83 .. .. .. ..+2.4%

Figures in thousands (except per share data.)

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