Eaton Vance: Fiscal 4Q Earnings Snapshot
BOSTON (AP) _ Eaton Vance Corp. (EV) on Tuesday reported fiscal fourth-quarter earnings of $105.5 million.
The Boston-based company said it had profit of 87 cents per share. Earnings, adjusted for pretax gains and non-recurring gains, came to 85 cents per share.
The results matched Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 85 cents per share.
The investment manager posted revenue of $436 million in the period, beating Street forecasts. Three analysts surveyed by Zacks expected $435 million.
For the year, the company reported profit of $381.9 million, or $3.11 per share. Revenue was reported as $1.7 billion.
Eaton Vance shares have declined 26 percent since the beginning of the year. The stock has decreased 21 percent in the last 12 months.