MutualFundWire.com: Waddell Beats Estimates as Flows Fall
MutualFundWire.com
   The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
Tuesday, October 26, 2010

Waddell Beats Estimates as Flows Fall


Despite falling net inflows, Waddell & Reed managed to increase its earnings and beat earnings estimates for last quarter.

Today, the Overland Park, Kansas-based parent of Ivy Funds [see profile] reported third quarter 2010 earnings per diluted share of $0.47 (up from $0.40 in Q2 2010 and $0.39 in Q3 2009, and beating analysts' estimates of $0.43, according to Reuters).

Waddell's net inflows fell to $658 million for Q3 2010, down from $731 million for Q2 2010 and $2.4 billion for Q3 2009.


Printed from: MFWire.com/story.asp?s=33826

Copyright 2010, InvestmentWires, Inc.
All Rights Reserved
Back to Top