Eaton Vance Gets Downgrade from Credit Suisse on Outflows

Boston-based asset manager Eaton Vance Corp (NYSE:EV) said fiscal third-quarter profits fell 25 percent to $50.2 million, or 43 cents per share, from $68.1 million, or 55 cents per share, a year earlier. Revenue declined 8.6 percent to $298.8 million from $327.1 million. Analysts were expecting a profit of 47 cents per share on revenue of $304.1 million. In April, Valuewalk ran an article on Eaton Vance, a regularly dividend-paying company, and revealed that long-terms shareholders in the company had earned returns of 14.1 % per annum comprising both capital appreciation and dividends. However, research, released by Credit Suisse Group AG…