Calamos Asset Management, Inc. (CLMS) Tops Q1 EPS by 9c

Calamos Asset Management, Inc. (NASDAQ: CLMS) reported Q1 EPS of $0.17, $0.09 better than the analyst estimate of $0.08. Revenue for the quarter came in at $57.4 million versus the consensus estimate of $58.8 million.

Assets Under Management2 were $24.5 billion at March 31, 2015 compared with $23.5 billion at the end of last quarter and $26.1 billion at March 31, 2014. Net inflows were $556 million for the quarter, which includes $530 million from the launch of the company's recent closed-end fund, compared with net outflows of $1.1 billion in the previous quarter and net outflows of $574 million in the first quarter of 2014. This marks the first period of net inflows since the first quarter of 2012.

For earnings history and earnings-related data on Calamos Asset Management, Inc. (CLMS) click here.

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