Federated Hermes Reports Third Quarter GAAP EPS of $1.50 and Revenue of $507.33 Million
Federated Hermes (NYSE: FHI) reported third-quarter financial results that exceeded analyst expectations for both earnings per share and revenue. The company posted a GAAP EPS of $1.50, surpassing estimates by $0.06, while total revenue reached $507.33 million, representing an 8.1% increase year-over-year. The revenue figure beat consensus estimates by approximately $3.31 million. Following the announcement, the company's share price saw a positive reaction, rising by 2.17%. The results reflect steady growth as the firm continues its strategic shift toward higher-fee products.
Tickers: $FHI
Topics: earnings beat GAAP EPS revenue growth