Federated Investors, Inc. Reports Q4 EPS of $.45 vs. $.43

Federated Investors, Inc. FII today reported earnings per diluted share (EPS) of $0.45 for the quarter ended Dec. 31, 2010 compared to $0.42 for the prior quarter and $0.51 for the same quarter last year. Net income was $46.4 million for Q4 2010 compared to $43.1 million for the prior quarter and $51.9 million for Q4 2009. During Q4 2010, Federated recorded a non-cash impairment charge of $3.2 million or $0.02 per diluted share after tax related to intangible assets associated with a prior-year acquisition. For the year ended Dec. 31, 2010, Federated reported EPS of $1.73 compared to $1.92 for 2009. For 2010, net income was $179.1 million compared to $197.3 million for 2009.