Federated Hermes: This autumn Earnings Snapshot

PITTSBURGH (AP) _ Federated Hermes, Inc. (FHI) on Thursday reported fourth-quarter internet earnings of $56.5 million.

On a per-share foundation, the Pittsburgh-based firm mentioned it had internet earnings of 63 cents. Earnings, adjusted for asset impairment prices, have been 90 cents per share.

The outcomes beat Wall Road expectations. The common estimate of three analysts surveyed by Zacks Funding Analysis was for earnings of 75 cents per share.

The one of many nation’s largest managers of cash market funds posted income of $373.9 million within the interval.

For the 12 months, the corporate reported revenue of $239.5 million, or $2.65 per share. Income was reported as $1.45 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) utilizing knowledge from Zacks Funding Analysis. Entry a Zacks stock report on FHI at https://www.zacks.com/ap/FHI