Eaton Vance Earnings (EV)

Asset management firm Eaton Vance (NYSE: EV) reported an increase in Q1 income this morning before the opening bell. The company had net income of $46.24 million or $0.37 per share versus $24.7 million or $0.21 per share in the year ago period. Wall Street analysts had been expecting the company to report EPS of $0.36, so this was a beat of one penny.

Revenues came in at $272.03 million which was 30% higher than last year's corresponding figure. Analysts had estimated the company would generate only $264.7 million in revenue. In today's trading, Eaton Vance (EV) shares are flat after opening the day higher. The stock is currently trading at $30.60.