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Tuesday, November 20, 2012|
Eaton Vance Earnings and AUM Are Up
Less than a week after Thomas Faust outlined his plans for growing Eaton Vance's [profile] business, his company has reported earnings and AUM growth for the fourth quarter.
The asset manager reported fourth quarter earnings of 53-cents, up 23 percent from the third quarter, and up 13-percent from a year ago. However, Adjusted earnings per diluted share were $1.89 for the fiscal year ended October 31, 2012, 5.5 percent from the previous fiscal year.
The company reported net inflows of $2.2 billion into long-term funds and separate accounts in the fourth quarter of fiscal 2012 compare to net outflows of $1.4 billion and $2.7 billion in the third quarter of fiscal 2012 and the fourth quarter of fiscal 2011, respectively.
Assets under management were $199.5 billion on October 31, 2012, an increase of 3 percent from the $192.9 billion of managed assets on July 31, 2012 and an increase of 6 percent from managed assets of $188.2 billion on October 31, 2011.
The rest of Eaton's earnings figures can be found here.
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