Federated Hermes Q1 2024 GAAP EPS $0.89 Beats $0.84 Estimate, Sales $396.371M Miss $401.259M Estimate
Portfolio Pulse from Benzinga Newsdesk
Federated Hermes (NYSE:FHI) reported Q1 2024 earnings of $0.89 per share, surpassing the $0.84 estimate, marking a 14.1% increase from last year. However, their sales of $396.371M fell short of the $401.259M estimate, a 3.71% increase from the previous year.
April 25, 2024 | 9:25 pm
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Federated Hermes reported higher than expected Q1 2024 EPS at $0.89, but missed sales estimates with $396.371M.
The positive earnings surprise could lead to a short-term positive sentiment among investors, offset by the slight miss in sales expectations. The net effect might be neutral as the market weighs both factors.
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