Legg Mason quarterly profit up 7 percent

Friday, 25 Oct 2013 | 7:12 AM ET

Oct 25 (Reuters) - Asset manager Legg Mason Inc on Friday said its quarterly profit rose 7 percent compared with a year ago.

For the three months ended Sept. 30 the Baltimore asset manager reported net income of $86.3 million, or 70 cents per share, up from net income of $80.8 million, or 60 cents per share, in the same period in 2012.

Analysts surveyed by Thomson Reuters I/B/E/S had expected Legg Mason to report net income of 61 cents per share for the period, the company's second fiscal quarter.

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