UPDATE: Eaton Vance Q1 Profit Up 5%

Eaton Vance

reported a 5% rise in its first-quarter profit. Net income attributable to shareholders climbed to $49.8 million, or $0.38 per share. Excluding items, Eaton Vance earned $0.50 per share. Its consolidated assets under management surged to $247.8 billion at January 31. Eaton Vance shares closed at $40.86 yesterday.