Tuesday, July 24, 2007

UPDATE 1-Waddell says profit rose as assets swelled

(Reuters) - The Overland, Kansas-based company said net income stood at
$29.7 million, or 36 cents per diluted share, for the quarter.
That compares with a net loss of $33 million or 40 cents a
diluted share a year earlier when two one-time charges -- one
for a regulatory settlement and the other to pay costs at one
of its subsidiaries -- led to the loss.




Without the two charges, Waddell said last year's net
income would have been $26.4 million or 32 cents.


Read more at Reuters.com Market News

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