Wednesday, May 23, 2007

UPDATE 1-Eaton Vance quarterly profits drop on fund costs

(Reuters) - Eaton Vance said net income stood at $23.1 million, or 17
cents per diluted share in its second fiscal second quarter
that ended on April 30, down from $39.9 million, or 29 cents a
year ago.




Wall Street analysts forecast earnings of 16 cents per
share, according to Reuters Estimates, factoring in the heavy
structuring and marketing fees associated with launching the
$5.8 billion closed-end Eaton Vance Tax-Managed Global
Diversified Equity Income Fund in February.


Read more at Reuters.com Market News

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