Eaton Vance (EV) Beats Analyst Expectations

Eaton Vance Corp. (NYSE: EV) on Wednesday reported a 1st quarter profit of $46.2 million, or 37 cents per share, compared to a profit of $24.7 million, or 21 cents per share, during the same quarter a year earlier.

The asset manager's revenue rose 30%, to $272 million.

According to a FactSet Research survey of analysts, average expectations for profit were 35 cents per share on revenue of $264.2 million.