Eaton Vance: Fiscal 1Q Earnings Snapshot
BOSTON (AP) _ Eaton Vance Corp. (EV) on Wednesday reported fiscal first-quarter earnings of $104 million.
On a per-share basis, the Boston-based company said it had net income of 91 cents. Earnings, adjusted for pretax gains, came to 86 cents per share.
The results met Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was also for earnings of 86 cents per share.
The investment manager posted revenue of $452.6 million in the period, exceeding Street forecasts. Three analysts surveyed by Zacks expected $442.3 million.
Eaton Vance shares have dropped almost 2% since the beginning of the year. The stock has risen 10% in the last 12 months.