Federated Investors, Inc Announces 20% Advance In Q4 Profit

(RTTNews) - Federated Investors, Inc (FII) reported a profit for its fourth quarter that gained ground from last year.

The company said its bottom line came in at $47.61 million, or $0.46 per share. This was higher than $39.61 million, or $0.38 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.43 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 11.8% to $243.64 million. This was up from $217.86 million last year.

Federated Investors, Inc earnings at a glance:

-Earnings (Q4): $47.61 Mln. vs. $39.61 Mln. last year. -Earnings Growth (Y-o-Y): 20.2% -EPS (Q4): $0.46 vs. $0.38 last year. -EPS Growth (Y-o-Y): 21.1% -Analysts Estimate: $0.43 -Revenue (Q4): $243.64 Mln vs. $217.86 Mln last year. -Revenue Change (Y-o-Y): 11.8%