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Rating:Nuveen Reports EPS Two Cents Less Than Expected Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, July 20, 2004

Nuveen Reports EPS Two Cents Less Than Expected

by: Theresa Sim

Diluted earnings per share for Nuveen Investments were $0.38 for the second quarter, missing analysts' expectations for $0.40 per share.

Assets under management were $101.9 billion at the end of June, up one percent from $100.9 billion at the end of the first quarter.

"In the first six months of this year, 85% of our net flows have come from asset classes other than municipals – with non-municipal assets now representing nearly half of our assets under management. Our results reflect the increased balance we’ve added to our assets under management and to our potential to succeed in a range of market environments," said Chairman & CEO Tim Schwertfeger

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