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

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

Rating:Gabelli Misses Earnings Expectations Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, October 25, 2004

Gabelli Misses Earnings Expectations

by: Theresa Sim

Gabelli Asset Management reported third quarter earnings of $0.43 per diluted share, missing analysts' expectations by $0.05.

Total assets under management were $27.3 billion, down three percent from $28.2 billion the quarter before. Mutual fund assets at the end of the third quarter also dropped three percent from the quarter before, from $13.2 billion to $12.8 billion.

Gabelli lost ground in all categories of mutual funds this quarter, with assets in open-ended mutual funds dropping the most, from $7.9 billion at the end of the second quarter to $7.5 billion at the end of the third.

The Rye, New York-based money manager also warned that fourth quarter revenues would take a hit based on a sub-advisory client loss. The client, who has been with Gabelli for four years, will remove one of its three portfolios with the firm. Gabelli did not disclose the size of the portfolio.  

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

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2019: Q3Q2Q1
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:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use