Eaton Vance (EV) Reports Q2 EPS of $0.48
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Financial Fact:
Net income attributable to Eaton Vance Corp. shareholders: 62.9M
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Eaton Vance (NYSE: EV) reported Q2 EPS of $0.48, versus $0.58 reported last year. Revenue for the quarter came in at $323.3 million, versus $351.66 million reported last year.
Consolidated net inflows of $2.1 billion in the second quarter of fiscal 2016 represent a 3 percent annualized internal growth rate (consolidated net inflows divided by beginning of period consolidated assets under management). For comparison, the Company had consolidated net inflows of $6.8 billion in the second quarter of fiscal 2015 and $5.3 billion in the first quarter of fiscal 2016.
Consolidated assets under management were $318.7 billion on April 30, 2016, up 2 percent from the $311.0 billion of consolidated managed assets on April 30, 2015 and up 5 percent from the $302.6 billion of consolidated managed assets on January 31, 2016. The year-over-year increase in consolidated assets under management reflects net inflows of $15.9 billion and market price declines of $8.3 billion. The sequential increase in consolidated assets under management reflects net inflows of $2.1 billion and market price appreciation of $14.0 billion.
For earnings history and earnings-related data on Eaton Vance (EV) click here.
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