Eaton Vance Corp. Q3 adjusted earnings Beat Estimates

Eaton Vance Corp. (EV) released earnings for its third quarter that advanced from last year.

The company’s bottom line totaled $101.79 million, or $0.83 per share. This compares with $67.36 million, or $0.58 per share, in last year’s third quarter.

Excluding items, Eaton Vance Corp. reported adjusted earnings of $100.47 million or $0.82 per share for the period.

Analysts had expected the company to earn $0.81 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 9.4% to $430.60 million from $393.75 million last year.

Eaton Vance Corp. earnings at a glance:

-Earnings (Q3): $100.47 Mln. vs. $72.85 Mln. last year.
-EPS (Q3): $0.82 vs. $0.62 last year.
-Analysts Estimate: $0.81
-Revenue (Q3): $430.60 Mln vs. $393.75 Mln last year.

by RTTNews Staff Writer

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