MutualFundWire.com: Eye for Earnings - October 28, 2016
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Friday, October 28, 2016

Eye for Earnings - October 28, 2016


Jim Cracchiolo
Ameriprise Financial
Chairman and Chief Executive Officer
Ameriprise Financial, Inc. (NYSE:AMP) announced its Q3 earnings on October 25.

  • Net Income/EPS: $2.29 per diluted share
  • Revenue: $3.01B
  • Compared to analyst expectations, Ameriprise fell short on EPS by $0.13, but exceeded anticipated revenue by $130MM.
  • Earnings Call: Alicia Charity, SVP investor relations, and Jim Cracchiolo, chairman and CEO, discussed the Q3 earnings on October 26.


Raymond James, Inc. (NYSE:RJF) announced its Q3 earnings on October 26.

  • Net Income/EPS: $1.28 per diluted share
  • Revenue: $1.46B
  • Compared to analyst expectations, Raymond James exceeded EPS expectations by $0.29, and exceeded anticipated revenue by $60MM.


State Street (NYSE:STT) announced its Q3 earnings on October 26.

  • Net Income/EPS: $1.35 per diluted share
  • Revenue: $2.75B
  • Compared to analyst expectations, State Street exceeded EPS expectations by $0.10, and exceeded anticipated revenue by $30MM.
  • Earnings Call: Joseph Hooley, chairman and CEO, and Anthony Ostler, SVP of investor relations, discussed Q3 earnings on October 26.


Westwood Holdings (NYSE:WHG) announced its Q3 earnings on October 26.

  • Net Income/EPS: $0.72 per diluted share
  • Revenue: $31.78MM
  • Compared to analyst expectations, Westwood fell short on expected revenue by $0.7MM.
  • Earnings Call: Westwood discussed Q3 earnings on October 27.


Waddell & Reed Financial (NYSE:WDR) announced its Q3 earnings on October 25.

  • Net Income/EPS: $0.64 per diluted share
  • Revenue: $303.09MM
  • Compared to analyst expectations, Waddell & Reed exceeded EPS expectations by $0.13, and exceeded anticipated revenue by $7.61MM.
  • Earnings Call: Philip Sanders, CEO, discussed Q3 earnings on October 25.


Franklin Resources (NYSE:BEN) announced its Q4 earnings on October 26.

  • Net Income/EPS: $0.82 per diluted share
  • Revenue: $1.61B
  • Compared to analyst expectations, Franklin Resources exceeded EPS expectations by $0.13, but missed on revenue by $20MM.


Principal Financial Group (NYSE:PFG) announced its Q3 earnings on October 27.

  • Net Income/EPS: $1.15 per diluted share
  • Compared to analyst expectations, Principal Financial exceeded EPS expectations by $0.03.
  • Earnings Call: Principal Financial discussed their Q3 earnings on October 28.


Federated Investors (NYSE:FII) announced its Q3 earnings on October 27.

  • Net Income/EPS: $0.54 per diluted share
  • Revenue: $294.62MM
  • Compared to analyst expectations, Federated exceeded EPS expectations by $0.02, and exceeded anticipated revenue by $0.48MM.


Hartford Financial (NYSE:HIG) announced its Q3 earnings on October 27.

  • Net Income/EPS: $1.06 per diluted share
  • Compared to analyst expectations, Hartford exceeded EPS expectations by $0.11.
  • Earnings Call: Chris Swift, chairman and CEO, discussed Q3 earnings on October 28.


Cowen Group (NASDAQ:COWN) announced its Q3 earnings on October 27.

  • Net Income/EPS: $0.10 per diluted share
  • Revenue: $153.5MM
  • Compared to analyst expectations, the Cowen Group exceeded EPS expectations by $0.06, and exceeded anticipated revenue by $18.74MM.
  • Earnings Call: Peter Cohen, chairman and CEO of the Cowen Group, discussed the Q3 earnings on October 27.


Calamos Asset Management (NASDAQ:CLMS) announced its Q3 earnings on October 27.

  • Net Income/EPS: $0.07 per diluted share
  • Revenue: $48.32MM
  • Compared to analyst expectations, Calamos exceeded EPS expectations by $0.03, and fell in-line with revenue.


Legg Mason (NYSE:LM) announced its Q3 earnings on October 28.

  • Net Income/EPS: $0.63 per diluted share
  • Revenue: $$784.4MM
  • Compared to analyst expectations, Legg Mason exceeded EPS expectations by $0.05, and they exceeded anticipated revenue by $33.2MM.
  • Earnings Call: Joe Sullivan, chairman and CEO, discussed their Q3 earnings on October 28.


Virtus Investment (NASDAQ:VRTS) announced its Q3 earnings on October 28.
  • Net Income/EPS: $1.64 per diluted share
  • Revenue: $82.3MM
  • Compared to analyst expectations, Virtus exceeded EPS expectations by $0.16, and exceeded expected revenue by $1.53MM.


WisdomTree Investments (NASDAQ:WETF) announced its Q3 earnings on October 28.

  • Net Income/EPS: $0.06 per diluted share
  • Revenue: $51.79MM
  • Compared to analyst expectations, WisdomTree was in-line for EPS, and exceeded revenue expectations by $0.7MM.
  • Earnings Call: WisdomTree discussed their Q3 earnings on October 28.


Diamond Hill Investment (NASDAQ:DHIL) announced its Q3 earnings on October 26.

  • Net Income/EPS: $3.93 per diluted share
  • Revenue: $32.93MM
  • Compared to analyst expectations, Diamond Hill exceeded EPS expectations by $1.94, and exceeded anticipated revenue by $1.53MM.


Manning & Napier (NYSE:MN) announced its Q3 earnings on October 26.

  • Net Income/EPS: $0.16 per diluted share
  • Revenue: $63.3MM
  • Compared to analyst expectations, Manning & Napier fell short on EPS by $0.02, and missed expected revenue by $3.84MM.


AllianceBernstein (NYSE:AB) announced its Q3 earnings on October 26.

  • Net Income/EPS: $0.45 per diluted share
  • Revenue: $747.59MM
  • Compared to analyst expectations, AB exceeded expectations by beating anticipated EPS by $0.02. They also exceeded anticipated revenue by $9.47MM.
  • Earnings Call: Peter Kraus, chairman and CEO of AB, discussed the Q3 earnings on October 26.


Invesco (NYSE:IVZ) announced its Q3 earnings on October 27.

  • Net Income/EPS: $0.60 per diluted share
  • Revenue: $854.7MM
  • Compared to analyst expectations, Invesco fell short on EPS by $0.01, and missed expected revenue by $15.07MM.
  • Earnings Call: Marty Flanagan, director, president and CEO of Invesco, discussed the Q3 results on October 27.


Janus Capital (NYSE:JNS) announced its Q3 earnings on October 25.

  • Net Income/EPS: $0.24 per diluted share
  • Revenue: $258.9MM
  • Compared to analyst expectations, Janus Capital exceeded expectations by beating anticipated EPS by $0.01, but missed expected revenue by $1.14MM.


T. Rowe Price (NASDAQ:TROW) announced its Q3 earnings on October 27.

  • Net Income/EPS: $1.17 per diluted share
  • Revenue: $1.09B
  • Compared to analyst expectations, T. Rowe Price fell short on EPS by $0.01, but exceeded revenue by $10MM.





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