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Rating:Eaton Vance Posts a 37 Percent Drop in Q3 Earnings Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, August 19, 2009

Eaton Vance Posts a 37 Percent Drop in Q3 Earnings

by: John Alzate

Eaton Vance Corp. posted net income of $31.2 million in the third quarter of fiscal 2009, down from $49.6 million in the year-ago period. In the three months ended July 31, the Boston-based asset manager saw revenues fall 19 percent to $228.4 million from $282.8 million in the same period last year.

Eaton Vance ended July with AUM of $143.7 billion, up 13 percent from $127.2 billion at the close of April. 

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