The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Gabelli Beats Estimates by a Penny Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, April 27, 2004

Gabelli Beats Estimates by a Penny

by: Theresa Sim

Gabelli Asset Management beat First Call/Thomson analyst estimates of $0.51 in earnings per diluted share -- EPS was $0.52 for the first quarter compared to $0.31 per share for the same period last year.

Gabelli reported a rise in net income of more than 73 percent from $9.3 million for the quarter ending March 31, 2003 to $16.1 million for the quarter ending March 31, 2004. [View earnings release].

Gabelli attributed the gains to improved returns and more assets under management.

Assets under management rose 2.4 percent to $28.2 billion from the quarter ended December 31, 2003, and 44.7 percent from the $20.7 billion under management at the same period last year.

Mutual funds and institutional and high net worth separately managed accounts both grew 40 percent from the same period last year.

Fund flows for the first quarter were $180 million -- $60 million inflow for retail, $84 million in outflow for institutional and high net worth separate accounts, and $204 million in alternative investments. 

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use