Franklin Resources Q4 Results Tops Estimate

Published 23 hours ago Negative
Franklin Resources Q4 Results Tops Estimate
(RTTNews) - Investment manager Franklin Resources, Inc. (BEN) announced Friday net income attributable to Franklin for the fourth quarter of $117.6 million or $0.21 per share, compared to a net loss of $84.7 million or $0.19 per share in the prior-year quarter.

Excluding item, adjusted net income for the quarter was $0.67 per share, compared to $0.59 per share in the year-ago quarter.

Total operating revenue for the quarter increased 6 percent to $2.34 billion from $2.21 billion in the same quarter last year.

On average, analysts polled expected the company to report earnings of $0.59 per share on revenues of $2.18 billion for the quarter. Analysts' estimates typically exclude special items.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.