TribLIVE

| Business


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Federated Investors posts slight gain in profit

About The Tribune-Review
The Tribune-Review can be reached via e-mail or at 412-321-6460.
Contact Us | Video | Photo Reprints

Daily Photo Galleries


By The Tribune-Review

Published: Thursday, April 25, 2013, 6:33 p.m.

Federated Investors Inc., the money management firm based Downtown, reported quarterly net income increased 2 percent to $43 million from $42 million the year earlier. Per-share earnings equaled 41 cents in both periods. Revenue dipped 1 percent to $228 million from $230 million. An increase in investment income offset revenue declines resulting from waiving money-market fees for some clients. Federated's level of managed assets accounts increased 3.6 percent to $377 billion as of March 31 from year-ago levels.

 

 
 


Show commenting policy

Most-Read Stories

  1. Garden Q&A: Firecracker vine OK for trellis?
  2. Kovacevic: Still waiting on Malkin, Crosby
  3. Court upholds EPA emissions restrictions
  4. Rossi: Lack of together time showing for Penguins’ defense
  5. Man dead in Beaver County brush fire
  6. Population expansion in Western Pennsylvania hinges on immigrants
  7. Pirates pitcher Cole’s strong outing wasted in 14-inning loss at home
  8. Offseason work helps Vincentian pitchers go distance this season
  9. Three ejected after Pirates, Brewers brawl
  10. Talent on ice, effort off it help franchise grow hockey in Columbus
  11. UFO, Bigfoot encounters to be discussed at Connellsville library program
Subscribe today! Click here for our subscription offers.