Federated Hermes Q3 EPS $0.86 vs $0.78 Prior Year, Sales $402.66M Beat $400.43M Estimate
Portfolio Pulse from Benzinga Newsdesk
Federated Hermes (NYSE:FHI) reported Q3 earnings of $0.86 per share, a 10.26% increase from the same period last year. The company's quarterly sales were $402.66 million, beating the analyst consensus estimate of $400.43 million by 0.56% and marking a 5.64% increase from last year.
October 26, 2023 | 8:26 pm
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Federated Hermes reported better than expected Q3 earnings and sales, which could positively impact its stock price in the short term.
Federated Hermes reported Q3 earnings and sales that beat estimates. This positive financial performance could increase investor confidence and demand for the stock, potentially driving its price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100