Eaton Vance (EV) Tops Q3 EPS by 4c

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Go back to Eaton Vance (EV) Tops Q3 EPS by 4c

Eaton Vance Corp. Report for the Three and Nine Month Periods Ended July 31, 2020

August 26, 2020 8:59 AM EDT

BOSTON, Aug. 26, 2020 /PRNewswire/ -- Eaton Vance Corp. (NYSE: EV) today reported earnings per diluted share of ($0.01) for the third quarter of fiscal 2020, reflecting a $0.90 per diluted share charge against earnings in connection with a $100.5 million impairment loss recognized during the quarter on the Company's investment in 49 percent-owned affiliate Hexavest Inc. (Hexavest). For comparison, the Company earned $0.90 per diluted share in the third quarter of fiscal 2019 and $0.65 per diluted share in the second quarter of fiscal 2020.

The Company reported adjusted earnings per diluted share(1) of $0.82 for the third quarter... More