Federated Investors, Inc Q1 Profit Climbs 9%

(RTTNews) - Federated Investors, Inc (FII) released earnings for its first quarter that advanced from last year.

The company said its bottom line climbed to $49.64 million, or $0.49 per share. This was up from $45.44 million, or $0.44 per share, in last year's first quarter.

Analysts had expected the company to earn $0.46 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 0.5% to $273.50 million. This was up from $272.11 million last year.

Federated Investors, Inc earnings at a glance:

-Earnings (Q1): $49.64 Mln. vs. $45.44 Mln. last year. -Earnings Growth (Y-o-Y): 9.2% -EPS (Q1): $0.49 vs. $0.44 last year. -EPS Growth (Y-o-Y): 11.4% -Analysts Estimate: $0.46 -Revenue (Q1): $273.50 Mln vs. $272.11 Mln last year. -Revenue Change (Y-o-Y): 0.5%