MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, November 24, 2009 Eaton Vance's Earnings Rise 39 Percent Eaton Vance took in $1.094 billion in quarterly net inflows in its open-ended long-term mutual funds, the Boston-based fund company revealed in its fourth-quarter earnings release Tuesday. The $1.094 billion figure is slightly lower than the $1.165 billion figure posted in the three months ending October 31 last year, and significantly lower than the $1.825 billion gained through flows in the three months ending July 31, 2009. Net income at Eaton Vance rose to $48.4 million in its fiscal Q4 2009 (ended October 31), an increase of 39 percent over the $35.0 million posted last year, and an increase of 55 percent over the $31.2 million posted in Q3 2009. The 39 cents per share in earnings beat the average forecast of 33 cents, The Wall Street Journal reports. Total assets under management increased to $154.9 billion, from $143.7 billion posted at the end of Q3 2009, and up from $123.1 billion at the end of Q4 2008. Printed from: MFWire.com/story.asp?s=23356 Copyright 2009, InvestmentWires, Inc. All Rights Reserved |