Legg Mason Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended December 31, 2015. For the quarter, the company reported total operating revenues of $659,557,000 against $718,984,000 a year ago. Operating loss was $240,645,000 against operating income of $119,368,000 a year ago. Loss before income tax provision was $242,261,000 against income before income tax provision of $118,065,000 a year ago. Net loss attributable to the company was $138,626,000 or $1.31 basic and diluted loss per share against net income attributable to the company of $77,036,000 or $0.67 basic and diluted earnings per share a year ago. Adjusted income was $158,530,000 against $113,067,000 a year ago. Adjusted income per diluted share was $1.45 against $0.98 a year ago. Operating income, as adjusted was $108,418,000 against $122,438,000 a year ago. Operating revenues, as adjusted was $526,786,000 against $571,685,000 a year ago.

For the nine months, the company reported total operating revenues of $2,041,293,000 against $2,116,760,000 a year ago. Operating income was $16,928,000 against $369,269,000 a year ago. Loss before income tax provision was $31,666,000 against income before income tax provision of $241,158,000 a year ago. Net income attributable to the company was $20,241,000 or $0.17 basic and diluted loss per share against $154,121,000 or $1.32 basic and diluted earnings per share a year ago. Adjusted income was $386,961,000 against $260,880,000 a year ago. Adjusted income per diluted share was $3.47 against $2.23 a year ago. Operating income, as adjusted was $363,249,000 against $378,214,000 a year ago. Operating revenues, as adjusted was $1,620,489,000 against $1,666,037,000 a year ago.