T. Rowe Price reports Q2 EPS $2.26, consensus $2.27

Reports Q2 revenue $1.73B, consensus $1.79B. Quarter-end assets under management of $1.57T. Rob Sharps, CEO and president, commented, “We are making steady progress with flows and investment performance. Our sales pipeline is healthy, redemption pressure is stabilizing, and our associates are driving our strategic initiatives forward. Notably, our ETF business is growing quickly, with $5.3 billion in AUM as of June 30. We continue to be on track to substantially reduce net outflows this year.”