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WDR - Waddell & Reed: 6.4% Yield But The Struggles Continue
Waddell & Reed Financial Inc.
Waddell & Reed Financial, Inc., (WDR) recently reported Q2 2019 results that were not too bad on a sequential basis. The company reported a 4% sequential rise in revenue to $270.2M and furthermore the company is controlling expenses. Operating margins increased 160 bps to 15.3%. The bottom line also showed some strength with diluted GAAP EPS increasing $0.03 on a sequential basis. However, on a year-over-year the business showed deterioration with both the top line and bottom line decreasing. Revenue was down $25.3M and EPS fell $0.10 relative to Q2 2018. Operating margins