Federated Investors (NYSE:FII) reports 4Q16 earnings results; Topline up 19.0%; Tops Estimate

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Federated Investors (NYSE:FII) reports 4Q16 earnings results; Topline up 19.0%; Tops Estimate

Federated Investors (FII)

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reported net income for the fourth quarter of $ 55.84 million or $ 0.52 per share, compared to $ 47.61 million or $ 0.46 per share for the year-ago quarter.
Total Revenue for the fourth quarter rose 18.99% to $ 289.90 million from $ 243.64 million in the same quarter last year.

Analysts polled by Thomson Reuters expected the Federated Investors to earn $ 0.51 per share on revenue of $ 292.76 million for the fourth quarter.

Federated’s board of directors declared a quarterly dividend of $0.25 per share, payable on Feb. 15, 2017 to shareholders of record as of Feb. 8, 2017.