Eaton Vance: Fiscal 3Q Earnings Snapshot
BOSTON (AP) _ Eaton Vance Corp. (EV) on Wednesday reported fiscal third-quarter profit of $101.8 million.
The Boston-based company said it had net income of 83 cents per share. Earnings, adjusted for pretax gains, came to 82 cents per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 81 cents per share.
The investment manager posted revenue of $430.6 million in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $430.8 million.
Eaton Vance shares have dropped 4 percent since the beginning of the year. The stock has climbed 15 percent in the last 12 months.