FHI Q3 earnings beat estimates at $1.06 per share. Sales of $408.456 million missed expectations of $409.260 million. Record assets under management achieved for eighth straight quarter. Analysts raised price targets: TD Cowen from $35 to $46. FHI shares rose 3.5% post-earnings announcement.
Summary: - Federated Hermes reported earnings of $0.89 per share, in line with estimates. - Revenue for the quarter was $396.37 million, beating estimates by 22%. - Stock's price movement depends on future earnings expectations and management's commentary. - Zacks Rank #3 (Hold) for Federated Hermes. - Industry outlook can impact stock performance. Price Impact Rating: bearish Impact Horizon Rating: short-term Type: Earnings