Legg Mason, Inc. (LM) Earnings Beat Estimates

Legg Mason, Inc. (NYSE:LM) released its earnings report for the three months ended June 30 this morning before the market opened on Wall Street. The company showed earnings of $0.38 per share for the period on revenue totaling $670.4 billion. On Wednesday’s market, stock in Legg Mason Inc (NYSE:LM) closed the day at $34.03 per share. In the run up to the announcement of this earnings report, analysts following the asset manager were looking for earnings per share of 35 cents per share. Revenue in the quarter, which Legg Mason, Inc. (NYSE:LM) records as the first of its fiscal year, was expected…