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Rating:Eaton Vance Misses Even as Profits, AUM and Revenue Rise Not Rated 1.0 Email Routing List Email & Route  Print Print
Wednesday, November 27, 2013

Eaton Vance Misses Even as Profits, AUM and Revenue Rise

News summary by MFWire's editors

Eaton Vance [profile] had a strong quarter, though not as strong as expected.

Yesterday the Boston-based mutual fund shop revealed in its fiscal fourth quarter 2013 (which ended on October 31) earnings report that its Q4 adjusted earnings rose two cents year-over-year to 55 cents per share. According to the Wall Street Journal, that fell four cents of the estimate of analysts polled by Thomson Reuters.

Eaton Vance's net inflows into long-term funds and separate accounts rose to $3.9 billion in Q4 2013, up from $2.2 billion in Q4 2012. AUM rose 41 percent year-over-year to $280.7 billion, with a little less than half of the increase coming from a December 2012 acquisition. Q4 2013 revenue rose to $357 million, from $310 million in Q4 2012.

See the full earnings release for more info. 

Edited by: Neil Anderson, Managing Editor

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