Federated Hermes Q2 2024 Adj EPS $0.96 Beats $0.89 Estimate, Sales $402.583M Beat $400.361M Estimate
Portfolio Pulse from Benzinga Newsdesk
Federated Hermes (NYSE:FHI) reported Q2 2024 adjusted EPS of $0.96, beating the estimate of $0.89. Sales were $402.583M, slightly above the $400.361M estimate but down 7.07% from last year.
July 25, 2024 | 8:57 pm
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Federated Hermes reported better-than-expected Q2 2024 earnings and sales, but sales were down 7.07% year-over-year.
The positive earnings surprise and slight sales beat are likely to boost investor sentiment in the short term, despite the year-over-year sales decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100