MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
|
|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Friday, October 28, 2011 Federated's Profits Drop 12 Percent Federated Investors Inc. [see profile] yesterday said that its Q3 profits dropped 12 percent because of an increase in fee waivers and lower average equity assets. The firm also reported a net income fall of $38.3 million, or 37 cents per share, in the third quarter, from $43.1 million, or 42 cents per share, a year earlier. Analysts polled by Thomson Reuters expected earnings of 38 cents per share. Reuters and Bloomberg BusinessWeek also covered the firm's earnings release. Printed from: MFWire.com/story.asp?s=38187 Copyright 2011, InvestmentWires, Inc. All Rights Reserved |