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 |
|
Thursday, February 23, 2012 Eaton Vance Beats Expectations, Despite Outflows Eaton Vance [profile] announced a net outflow of investor cash for the second quarter in a row. Yet the Boston-based mutual fund firm's profit climbed 26 percent, and its earnings beat estimates [earnings call transcript]. Reuters reported on Eaton Vance's earnings. Net outflows of the company's long-term funds and separate accounts came in at $1.1 billion in the quarter, compared to $1.8 billion in net inflows a year ago. For the first quarter, their net income was $47.3 million or $0.44 per share, which is higher than last year's $37.5 million, or $0.30 per share. Adjusted earnings reached $0.47 per share, compared to the $0.44 expected by analysts. Printed from: MFWire.com/story.asp?s=39283 Copyright 2012, InvestmentWires, Inc. All Rights Reserved |