Federated Investors, Inc Q3 Income Rises 24%

(RTTNews) - Federated Investors, Inc (FII) released earnings for its third quarter that rose compared to the same period last year.

The company said its bottom line advanced to $54.93 million, or $0.54 per share. This was up from $44.13 million, or $0.52 per share, in last year's third quarter.

Analysts had expected the company to earn $0.52 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 25.7% to $294.62 million. This was up from $234.32 million last year.

Federated Investors, Inc earnings at a glance:

-Earnings (Q3): $54.93 Mln. vs. $44.13 Mln. last year. -Earnings Growth (Y-o-Y): 24.5% -EPS (Q3): $0.54 vs. $0.52 last year. -EPS Growth (Y-o-Y): 3.8% -Analysts Estimate: $0.52 -Revenue (Q3): $294.62 Mln vs. $234.32 Mln last year. -Revenue Change (Y-o-Y): 25.7%