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Eaton Vance 2nd-quarter Profit Falls 52 Percent

Stock quotes in this article: EV  

BOSTON (AP) — Investment manager Eaton Vance Corp. on Wednesday said its fiscal second-quarter profit fell 52 percent as market declines continued to chip away at the value of the assets it manages, pushing down revenue for its advisory services.

For the three months ended April 30, Eaton Vance earned $25.8 million, or 22 cents per share, compared with $53.2 million, or 43 cents per share, in the prior year.

The per-share figures reflect a 3 percent decline in the number of outstanding shares year-over-year. ...

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