PITTSBURGH (AP) _ Federated Hermes, Inc. (FHI) on Thursday reported fourth-quarter earnings of $95.2 million.

The Pittsburgh-based company said it had net income of 93 cents per share.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 80 cents per share.

The one of the nation's largest managers of money market funds posted revenue of $363.9 million in the period.

For the year, the company reported profit of $326.4 million, or $3.23 per share. Revenue was reported as $1.45 billion.

Federated Hermes shares have climbed slightly more than 1% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $29.30, a decline of 14% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FHI at https://www.zacks.com/ap/FHI

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