Eaton Vance Corp (EV) Releases Earnings Results, Beats Expectations By $0.01 EPS

Eaton Vance Corp (EV) reported quarterly earnings results on Wednesday, Aug-17-2016. The company said it had a profit of $0.56 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.55. The company posted revenue of $341.17 million in the period, compared to analysts expectations of $340.06 million. The company’s revenue was down -4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.57 EPS.

Eaton Vance Corp closed down -0.14 points or -0.36% at $38.76 with 6,25,742 shares getting traded on Monday. Post opening the session at $38.97, the shares hit an intraday low of $38.72 and an intraday high of $39.2 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Jun 24, 2016, Winthrop H Jr Smith (director) sold 8,197 shares at $37.20 per share price. According to the SEC, on Mar 3, 2016, Dorothy E Puhy (director) sold 2,500 shares at $30.18 per share price. On Dec 9, 2015, Leo I Jr Higdon (director) sold 8,402 shares at $36.08 per share price, according to the Form-4 filing with the securities and exchange commission.

Eaton Vance Corp is managing investment funds and providing investment management and advisory services to institutions and high-net-worth individuals. The Company develops and sustains management expertise across a range of investment disciplines and offers investment products and services through multiple distribution channels. The Company’s principal investment affiliates Eaton Vance Management Parametric Atlanta Capital and Hexavest offer a range of strategies. The Eaton Vance Management offers Equity income and alternative strategies based on in-depth fundamental analysis. The Parametric offers rules-based alpha-seeking equity alternative and options strategies and implementation services. The Atlanta Capital actively manages high-quality US stock and bond portfolios constructed using bottom-up fundamental analysis. The Hexavest offer global equity and tactical allocation strategies combining fundamental research and quantitative models.

Eaton Vance Corp

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