] 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.
Neil Anderson, Managing Editor
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