Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Legg Mason, Calamos' Q2 Earnings Disappoint Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, July 26, 2005

Legg Mason, Calamos' Q2 Earnings Disappoint

Reported by Theresa Sim

Legg Mason disappointed analysts with second quarter earnings seven cents lower than estimates. The Baltimore-based money manager brought in $112.8 million in net income, or 93 cents per diluted share.

Assets under management totaled $397.5 billion, up 6.6 percent from $372.9 billion in the previous quarter. Mutual fund assets, which made up 20.8 percent of the total bucket, increased 5.4 percent from $78.4 billion in the first quarter to $82.6 billion in the second quarter.

By asset class, Legg Mason managed 37.6 percent, or $149.6 billion, in equities and 62.4 percent, or $247.9 billion in fixed income assets.

Investment advisory fee revenues totaled $237.1 million, an increase of 1.3 percent over the first quarter. Mutual fund investment advisory fee revenue increased 0.6 percent quarter-over-quarter, while separate account fee revenue increased 1.1 percent.

***

Naperville, Illinois-based Calamos Asset Management reported second quarter earnings 30 cents per diluted share, or $7 million, eight pennies shy of analysts' expectations.

Total assets under management grew three percent from the first quarter to $39.5 billion.

Mutual fund assets made up 72 percent of total assets under management and increased four percent from $27.4 billion in the first quarter to $28.3 billion in the second quarter. Mutual funds were helped by $385 million in market appreciation as well as $582 million in net inflows.  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use