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, October 26, 2010 Waddell Beats Estimates as Flows Fall 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 [see profile] reported 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. Printed from: MFWire.com/story.asp?s=33826 Copyright 2010, InvestmentWires, Inc. All Rights Reserved |