Gamco Investors, Inc. (GBL) announced preliminary estimates for the third quarter in the range of $0.40 - $0.43 per share versus $0.64 per diluted share in the comparable 2007 quarter. Analysts expect earnings of $0.30 per share for the quarter.
Assets Under Management, or AUM, were $25.6 billion as of September 30, 2008, 9.7% lower than June 30, 2008 AUM of $28.3 billion and 19.1% below September 30, 2007 AUM of $31.6 billion.
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