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
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.
Neil Anderson, Managing Editor
Stay ahead of the news ... Sign up for our email alerts now