Eaton Vance Corp. Q1 Profit Tops Estimates; Revenue Up 11% - Quick Facts

(RTTNews) - Eaton Vance Corp. (EV) reported first-quarter adjusted earnings per share of $0.86, an increase of 18 percent from $0.73, last year. On average, nine analysts polled by Thomson Reuters expected the company to report profit per share of $0.84, for the quarter. Analysts' estimates typically exclude special items.

First quarter revenue increased 11 percent to $452.6 million from $406.4 million, previous year. Analysts expected revenue of $444.2 million for the quarter.

Average consolidated assets under management were $509.9 billion in the first quarter of fiscal 2020, up 17 percent from $437.4 billion in the first quarter of fiscal 2019.