Federated Hermes Q4 Earnings, Revenue Rise

MT Newswires Live

01/31

Federated Hermes (FHI) reported Q4 earnings late Thursday of $1.04 per diluted share, up from $0.96 a year earlier.

Analysts polled by FactSet expected $0.97.

Revenue for the quarter ended Dec. 31 rose to $424.7 million from $391.5 million a year earlier.

Analysts surveyed by FactSet expected $419.8 million.

The company said its board maintained a quarterly dividend of $0.31 per share, payable on Feb. 14 to shareholders of record on Feb. 7.

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