Baltimore's Legg Mason (NYSE: LM) lost a staggering $10.55 per share in the quarter ended Dec. 31, while analysts surveyed by Thomson Financial on average had expected a loss of $4.02 per share. In the same quarter a year ago, Legg earned $155 million, or $1.07 per share. Revenue slumped by 39 percent from a year ago to $720 billion.
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