Federated Investors (FII) Tops Q4 EPS by 11c, Revenues Beat
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Federated Investors, Inc. Reports Fourth Quarter and Full-Year 2019 Earnings
January 30, 2020 4:17 PM ESTPITTSBURGH, Jan. 30, 2020 /PRNewswire/ -- Federated Investors, Inc. (NYSE: FII), a leading global investment manager, today reported earnings per diluted share (EPS) for Q4 2019 of $0.81, compared to $0.61 for the same quarter last year, on net income of $82.1 million for Q4 2019, compared to $61.5 million for Q4 2018. Full-year 2019 EPS was $2.69, compared to $2.18 for 2018 on net income of $272.3 million for 2019, compared to $220.3 million for 2018. Federated's full-year 2018 results included a $27.2 million pre-tax net expense, representing $0.21 per diluted share net of tax, primarily related to two foreign currency forward derivative instruments (FX Forward Loss) entered into in... More

