Federated Investors, Inc. (FII) reported net income for the third quarter of $37.6 million or $0.36 per share, compared to $37.7 million or $0.36 per share for the year-ago quarter.
Total revenue for the third quarter rose 2% to $216.92 million from $211.87 million a year ago.
Analysts polled by Thomson Reuters expected the company to earn $0.35 per share on revenue of $214.71 million for the third quarter.
Federated's total managed assets were $352.3 billion at Sept. 30, 2014, down $14.4 billion or 4% from $366.7 billion at Sept. 30, 2013 and up slightly from $351.6 billion at June 30, 2014.
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