Federated Investors Q3 Profit Down - Quick Facts

(RTTNews) - Federated Investors, Inc. (FII) Thursday reported third-quarter profit of $37.7 million or $0.36 per share, down from $55.8 million or $0.54 per share in the same period last year.

On average, 11 analysts polled by Thomson Reuters expected the company to earn $0.37 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues dropped 11 percent to $211.87 million from $238.47 million last year. Analysts expected revenues of $216.61 million.

Total managed assets as of September 30, was $366.7 billion, up $2.6 billion or 1 percent from $364.1 billion last year.