Federated Hermes Shares Rise After Q3 Beat
MT Newswires Live10-30 21:51
Federated Hermes' (FHI) shares were up almost 1% in early Friday trading, a day after the company reported Q3 results that topped analysts' expectations.
The company reported Q3 earnings late Thursday of $1.50 per diluted share, up from $1.34 a year earlier.
Analysts polled by FactSet expected $1.43.
Revenue for the quarter ended Sept. 30 was $507.3 million, up from $469.4 million a year ago.
Analysts surveyed by FactSet expected $504.9 million.
Price: 58.50, Change: +0.47, Percent Change: +0.82
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