More on Eaton Vance FQ3 results

|About: Eaton Vance Corporation (EV)|By:, SA News Editor

Adjusted net income of $77.9M or $0.63 per share for the three months ended July 31 vs. $66.5M and $0.52 one year ago.

CEO Thomas Faust: "Although flows remain disappointing, continued development of emerging franchises and strong investment performance support improved organic growth in the coming quarters."  Net outflows during FQ3 of $2B vs. $0.9B of outflows in FQ2, and $8.8B of inflows a year ago.

Average AUM of $289.3B up 10% from a year ago.

6M shares repurchased during first nine months of fiscal 2014 for total of $227.9M. About 7.2M shares remain under repurchase authorization.

Conference call at 11 ET

Previously: Eaton Vance beats by $0.01, beats on revenue

EV flat premarket