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, July 20, 2004 Nuveen Reports EPS Two Cents Less Than Expected Diluted earnings per share for Nuveen Investments were $0.38 for the second quarter, missing analysts' expectations for $0.40 per share. Assets under management were $101.9 billion at the end of June, up one percent from $100.9 billion at the end of the first quarter. "In the first six months of this year, 85% of our net flows have come from asset classes other than municipals – with non-municipal assets now representing nearly half of our assets under management. Our results reflect the increased balance we’ve added to our assets under management and to our potential to succeed in a range of market environments," said Chairman & CEO Tim Schwertfeger. Printed from: MFWire.com/story.asp?s=7639 Copyright 2004, InvestmentWires, Inc. All Rights Reserved |