A year ago, Eaton Vance earned $37.7 million, or 27 cents a share.
Paying off long-term debt reduced earnings by 6 cents a share, the company said. However, the company said that strong net flows during fiscal 2006 “should contribute meaningfully to revenue, profit and cash flow in fiscal 2007.” Investment adviser and administration fees rose 17% in the fiscal fourth quarter, boosting revenue 15% to $227.3 million.