Federated Hermes (FHI) Tops Q4 Earnings and Revenue Estimates

Federated Hermes (FHI) came out with quarterly earnings of $1.39 per share, beating the Zacks Consensus Estimate of $1.2 per share. This compares to earnings of $1.04 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +15.66%. A quarter ago, it was expected that this one of the nation's largest managers of money market funds would post earnings of $1.11 per share when it actually produced earnings of $1.34, delivering a surprise ...