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Rating:Eye for Earnings -- July 29, 2016  Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, July 29, 2016

Eye for Earnings -- July 29, 2016

Reported by Jennifer Goetz

Wisdom Tree (NASDAQ: WETF) Q2 2016 earnings announced on July 29:
  • Net Income/EPS: $0.07 per diluted share

  • Revenue: $55.98MM

  • Compared to analyst predictions: EPS and revenue both beat expectations, EPS by $0.04 and revenue by $970,000.


Virtus Investments (NASDAQ: VRTS) Q2 2016 earnings announced on July 29:
  • Net Income/EPS: $1.24 per diluted share

  • Revenue: $1.24MM

  • Compared to analyst predictions: EPS fell short of expectations by $0.08, yet revenue beat expectations by $1.24MM.


Federated Investors (NYSE: FII) Q2 2016 earnings announced on July 28:
  • Net Income/EPS: $0.51 per diluted share

  • Revenue: $286.74MM

  • Compared to analyst predictions: EPS and revenue both beat expectations, EPS by $0.03 and revenue by $1.39MM.


Calamos Asset Management (NASDAQ: CLMS) Q2 2016 earnings announced on July 28:
  • Net Income/EPS: $0.14 per diluted share

  • Revenue: $48.27MM

  • Compared to analyst predictions: Revenue missed expectations by $1.72MM but EPS beat expectations by $0.09.

  • Earnings Call: John Koudounis , CEO of Calamos, discusses the Q2 2016 results.


AllianceBerstein (NYSE: AB) Q2 2016 earnings announced on July 28:
  • Net Income/EPS:$0.40 per diluted share

  • Revenue:$725.81MM

  • Compared to analyst predictions: EPS was under by $0.04 while revenue beat expectations by $25.7MM.


Franklin Resources (NYSE: BEN) Q3 2016 earnings announced on July 28:
  • Net Income/EPS: $0.77 per diluted share

  • Revenue: $1.63B

  • Compared to analyst predictions: The revenue was in-line with analysts' expectations, while the EPS beat expectations by $0.10.

  • Earnings Call: Gregory Eugene Johnson, chairman and CEO of Franklin Resources, discusses the Q3 2016 results.


Invesco (NYSE: IVZ) earnings announced on July 28:
  • Net Income/EPS: $0.56 per diluted share

  • Revenue: $856.6MM

  • Compared to analyst predictions: Invesco exceeded expectations by beating anticipated EPS by $0.02 and beating the expected revenue by $7.89MM.


Diamond Hill Capital Management (NASDAQ: DHIL) Q2 2016 earnings announced on July 27:
  • Net Income/EPS: $2.84 per diluted share

  • Revenue: $32.66MM


Legg Mason (NYSE: LM) Q1 2017 earnings announced on July 27:
  • Net Income/EPS: $0.31 per diluted share

  • Revenue: $700.2MM

  • Compared to analyst predictions: The EPS "may not be comparable" to the expected $0.25, but the revenue beat expectations by $18.21MM.

  • Earnings Call: President and CEO Joseph A. Sullivan talks about the Q1 2017 results.


Manning & Napier (NYSE: MN) Q2 2016 earnings announced on July 27:
  • Net Income/EPS: $0.17 per diluted share

  • Revenue: $67.5MM

  • Compared to analyst predictions: EPS fell short of expectations by $0.01. Revenue, on the other hand, beat expectations by $1.42MM.

  • Earnings Call: Manning & Napier executives discuss the Q2 2016 results.


SSGA (NYSE: STT) announced Q2 2016 earnings on July 27:
  • Net Income/EPS: $1.46 per diluted share

  • Revenue: $2.68B

  • Compared to analyst predictions: Both EPS and revenue exceeded expectations this quarter, the EPS expectation was beaten by $0.20 and revenue beat expectations by $30MM.

  • Earnings Call: SSGA's chairman and CEO Joseph Hooley discusses the Q2 2016 results.


SEI Investment (NASDAQ: SEIC) Q2 2016 earnings announced on July 27:
  • Net Income/EPS: $0.49 per diluted share

  • Revenue: $343.83MM

  • Compared to analyst predictions: Both revenue and EPS fell short of expectations. The EPS missed by $0.01 and the revenue missed by $2.87MM.

  • Earnings Call: SEI Investments' executives discuss the Q2 2016 results.


Ameriprise Financial (NYSE: AMP) Q2 2016 earnings announced on July 26:
  • Net Income/EPS: $2.23 per diluted share

  • Revenue: $2.88B

  • Compared to analyst predictions: EPS missed expectations by $0.03, yet revenue beat expectations by $10MM.

  • Earnings Call: Ameriprise's chairman and CEO, James M. Cracchiolo, talks about the Q2 2016 results.


 

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