Rochester, NY 8/25/2009 11:14:40 PM
Franklin Resources Inc. BEN, Eaton Vance beats down the peers mixed; EV, BEN, LM
Franklin Resources Inc. BEN
The company Investment management firm Eaton Vance Corp. (EV) reported a 37% year-over-year drop in profit for the rating of third quarter. Hurt by the services fees amid the economic downturn, in addition to lower interest income.
They adjusted their earnings to per share quarter dropped ratings 30%, but topped analysts' expectations by a penny, the quarterly ratings of the company revenues were down 19%, but beat consensus estimate by a whisker.
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