Eaton Vance Corp. Reports Unaudited Consolidated Earnings Results for Second Quarter and Six Months Ended April 30, 2018; Provides Tax Rate Outlook for the Fiscal Year 2018 and 2019
For the six months, the company's total revenue was $835,673,000 against $729,591,000 a year ago. Operating income was $268,486,000 against $223,356,000 a year ago. Net income attributable to company shareholders was $174,657,000 against $132,686,000 a year ago. Diluted EPS was $1.41 against $1.15 a year ago. Adjusted net income attributable to company shareholders was $191,286,000 against $132,612,000 a year ago. Adjusted earnings per diluted share were $1.54 against $1.15 a year ago.
On the adjusted basis, the company estimates that its quarterly effective tax rate for the balance of fiscal 2018 and the fiscal year as a whole will range between 27.5% and 28%, and its fiscal 2019 effective tax rate will range between 25.3% and 25.8%.