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Tuesday, October 26, 2010

Calamos Boosts Earnings Despite Outflows

News summary by MFWire's editors

Calamos Asset Management's [see profile] assets and earnings are on the rise, despite net outflows. Today, the Naperville, Illinois-based mutual fund firm reported third quarter earnings of $0.23 per diluted share (up from $0.13 in Q3 2009 and beating analysts' estimates of $0.22, according to Reuters).

Calamos' assets rose $2.7 billion last quarter to $32.6 billion on September 30, though the firm suffered $0.4 billion in net redemptions (including $141 million in net mutual fund redemptions). 

Edited by: Neil Anderson, Managing Editor


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