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EV Earnings Beat Expectations

By Market News Video Staff, Tuesday, November 23, 12:28 PM ET

Eaton Vance (NYSE:EV) posted fiscal fourth quarter earnings today of $50.3 million, or $0.41 per share, compared to $41.8 million, or $0.34 per share, in the same quarter last year. Revenue rose to $303.6 million, compared to $273 million last year as both the top and bottom line topped expectations.

Shares of EV were initially trading higher this morning, but have since slumped with the general markets.

Eaton Vance accounts for 1.44% of the SPDR S&P Dividend ETF (AMEX:SDY). CenturyLink (NYSE:CTL) is the top holding in the fund, as it yields nearly 7% and accounts for 3.75% of the portfolio. Pitney Bowes (NYSE:PBI) comes in at 3.46% followed by Cincinnati Financial (NASDAQ:CINF) at 3.42%.


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This Article's Word Cloud:   AMEX   Bowes   CINF   Dividend   Eaton   Financial   Investment   NYSE   Portfolio   Vance   accounts   allocation   allows   asset   bonds   classes   comes   compared   complete   completely   countries   designed   earnings   expectations   fiscal   follow   followed   fourth   growth   guidelines   have   higher   initially   investors   last   leads   million   nearly   performance   portfolio   program   quarter   share   short   slumped   stocks   terms   this   were   year
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