Eaton Vance (EV) Tops Q3 EPS by 1c

Eaton Vance (NYSE: EV) reported Q3 EPS of $0.56, $0.01 better than the analyst estimate of $0.55. Revenue for the quarter came in at $341.2 million versus the consensus estimate of $340.31 million.

Consolidated assets under management were $334.4 billion on July 31, 2016, up 7 percent from $312.6 billion of consolidated managed assets on July 31, 2015 and up 5 percent from $318.7 billion of consolidated managed assets on April 30, 2016. The year-over-year increase in consolidated assets under management reflects net inflows of $19.0 billion and market price appreciation of $2.8 billion. The sequential increase in consolidated assets under management reflects net inflows of $7.1 billion and market price appreciation of $8.7 billion.

Average consolidated assets under management were $324.9 billion in the third quarter of fiscal 2016, up 5 percent from $309.8 billion in the third quarter of fiscal 2015 and $309.5 billion in the second quarter of fiscal 2016.

For earnings history and earnings-related data on Eaton Vance (EV) click here.

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