05:51 PM EDT, 07/25/2024 (MT Newswires) -- Federated Hermes ( FHI ) reported Q2 earnings late Thursday of $0.20 per diluted share, down from $0.81 a year earlier.

Analysts polled by Capital IQ expected $0.89.

Revenue for the quarter ended June 30 was $402.6 million, compared with $433.2 million a year earlier.

Analysts expected $406.7 million.

Federated Hermes ( FHI ) said its board maintained its quarterly dividend at $0.31 per share, payable on Aug. 15 to shareholders of record as of Aug. 8.