Federated Investors, Inc Reports 26% Rise In Q2 Profit

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

The company said its bottom line advanced to $52.71 million, or $0.51 per share. This was higher than $41.76 million, or $0.40 per share, in last year's second quarter.

Analysts had expected the company to earn $0.48 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 $286.74 million. This was up from $228.13 million last year.

Federated Investors, Inc earnings at a glance:

-Earnings (Q2): $52.71 Mln. vs. $41.76 Mln. last year. -Earnings Growth (Y-o-Y): 26.2% -EPS (Q2): $0.51 vs. $0.40 last year. -EPS Growth (Y-o-Y): 27.5% -Analysts Estimate: $0.48 -Revenue (Q2): $286.74 Mln vs. $228.13 Mln last year. -Revenue Change (Y-o-Y): 25.7%