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

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

Rating:Gamco Misses as Revenue Dips Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, February 5, 2015

Gamco Misses as Revenue Dips

Reported by Neil Anderson, Managing Editor

Mario Gabelli and his team slightly missed expectations last quarter, as revenue and earnings fell year-over-year.

On Tuesday Rye, New York-based Gamco Investors [profile] reported net income per share of $1.13 for the fourth quarter of 2014, down 12.4 percent from Q4 2013 and below expectations by $0.01. Revenue fell year-over-year to $116.751 million in Q4 2014, yet assets under management rose 1 percent year-over-year to $47.487 billion on December 31, 2014. Gamco suffered $1.114 billion in net ouflows in 2014, which the $2.234 billion in market appreciation more than made up for.

For all of 2014, net income per share dipped 5.7 percent to $4.28. Yet revenue rose 10.8 percent to $440.382 million in 2014.

Gamco's open-end equity mutual fund AUM rose 1.3 percent in Q4 2014 alone and 3.5 percent for the year, to $17.684 billion on December 31, 2014. Money fund AUM fell 14.3 percent in Q4 and 16.1 percent for the full year to $1.455 billion. 

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: Q4Q3Q2Q1
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