Federated Investors, Inc Q1 Income Drops

(RTTNews) - Federated Investors, Inc (FII) released a profit for first quarter that decreased from the same period last year.

The company's bottom line totaled $54.55 million, or $0.54 per share. This compares with $60.33 million, or $0.60 per share, in last year's first quarter.

Analysts had expected the company to earn $0.56 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 16.4% to $307.05 million from $263.85 million last year.

Federated Investors, Inc earnings at a glance:

-Earnings (Q1): $54.55 Mln. vs. $60.33 Mln. last year. -EPS (Q1): $0.54 vs. $0.60 last year. -Analysts Estimate: $0.56 -Revenue (Q1): $307.05 Mln vs. $263.85 Mln last year.