Federated Investors Posts Mixed Earnings; Shares Rise (FII)

Federated Investors, Inc. FII reports Q3 earnings of $0.42 versus consensus of $0.38. Federated Investors, Inc. reports revenues of $242.2 million versus consensus of $244.1 million. Federated's total managed assets were $341.3 billion at Sept. 30, 2010, down 13% year over year and up 1% sequentially. "As investor interest in equities began to increase, Federated saw strong flows into our Strategic Value Dividend Fund and Prudent Bear Fund, both of which are well suited to clients who want a long-term hedge against market uncertainty," said J. Christopher Donahue, president and chief executive officer. "Federated's diversified product mix also benefited investors seeking portfolio balance, as our flagship fixed-income offering, Total Return Bond Fund, continued to see strong flows -- and, in fact, has shown positive net flows for the last 19 quarters." Shares of FII are higher in the after-hours by 2.12%.