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Rating:Eaton Vance Q2 Profit is in Line with Expectations Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, May 21, 2008

Eaton Vance Q2 Profit is in Line with Expectations

by: Erin Kello

Eaton Vance reported earnings per diluted share of 43 cents in the quarter ended April 30, meeting analysts' forecasts. The Boston-based investment management firm earned 17 cents per diluted share in the year-ago period.

Net inflows into the firm's open-end funds totaled $2.2 billion in the second quarter of fiscal 2008, down from $2.8 billion a year ago. Company officials said a rise in net inflows into open-end stock funds of $1.1 billion was offset by decreases in open-end fixed income and floating-rate bank loan fund net flows.  

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