Federated Hermes (FHI) Beats Q1 Earnings and Revenue Estimates

Federated Hermes (FHI) came out with quarterly earnings of $1.10 per share, beating the Zacks Consensus Estimate of$ 0.91 per share. This compares to earnings of $0.89 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 20.88%. A quarter ago, it was expected that this one of the nation's largest managers of money market funds would post earnings of$ 0.96 per share when it actually produced earnings of $1.04, delivering a surprise ...