T. Rowe Price Group (TROW) reported Q1 adjusted earnings Friday of $2.23 per diluted share, compared with $2.38 a year earlier.

Analysts surveyed by FactSet expected $2.13.

Revenue for the quarter ended March 31 was $1.76 billion, compared with $1.75 billion a year earlier.

Analysts surveyed by FactSet expected $1.78 billion.

T. Rowe Price shares were 0.8% higher in premarket trading.