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Rating:Eaton Vance Posts 57 Percent Profit Drop, Beats the Street Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, February 25, 2009

Eaton Vance Posts 57 Percent Profit Drop, Beats the Street

News summary by MFWire's editors

Eaton Vance reported earnings Wednesday for its first fiscal quarter of 2009, which ended on January 31. The company earned 21 cents per share, 3 cents above predictions by analysts polled by Thomson Reuters, but off from the 46 cents per share in Q1 of 2008.

The Boston firm reported a net income of $24.7 million, down from $57.9 million in Q1 2008, a 57 percent drop.

AUM decreased $1.2 billion, or 1 percent, to $121.9 billion on January 31, 2009 from $123.1 billion on October 31, 2008.  

Edited by: Erin Kello


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