Eaton Vance (EV) Tops Q1 EPS by 7c, Revenues Beat

Eaton Vance (NYSE: EV) reported Q1 EPS of $0.94, $0.07 better than the analyst estimate of $0.87. Revenue for the quarter came in at $488.95 million versus the consensus estimate of $457.56 million.

"In what we expect will be Eaton Vance's last quarterly reporting period as an independent public company, the Company set new records for consolidated net inflows, consolidated ending assets under management, adjusted operating income and adjusted earnings per diluted share," said Thomas E. Faust Jr., Chairman and Chief Executive Officer. "We approach the Company's acquisition by Morgan Stanley with strong momentum across our businesses, and look forward to building on that strength as part of Morgan Stanley Investment Management."

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

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