MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, November 22, 2005 Eaton Vance Tops Expectations Eaton Vance Corp. edged out expectations by reporting earning per share of 31 cents for the fourth quarter. Analysts had expected the Boston-based asset manager to earn 30 cents, according to Thomson Financial. One of the bright spots for the firm was its mutual fund business. Eaton Vance reported net flows of nearly $8.6 billion for its family of long-term mutual funds for the past 12 months. That figure includes $18.6 billion in sales and inflows against $10.0 billion in redemptions and outflows. The net flow helped push Eaton Vance's total assets under management past the $100 billion mark for the first time in its history to $108.5 billion at the end of October. The firm also reported that it earned $1.13 per diluted share in fiscal 2005 compared to $0.99 per diluted share in fiscal 2004, an increase of 14 percent. James B. Hawkes, chairman and CEO said that "The new assets added in fiscal 2005 should contribute meaningfully to revenue and profit in fiscal 2006." Printed from: MFWire.com/story.asp?s=10880 Copyright 2005, InvestmentWires, Inc. All Rights Reserved |