Franklin Resources Inc. Q3 Earnings Retreat 11%

(RTTNews) - Franklin Resources Inc. (BEN) released a profit for third quarter that declined compared to the same period last year.

The company said its bottom line came in at $446.4 million, or $0.77 per share. This was lower than $504.2 million, or $0.82 per share, in last year's third quarter.

Analysts had expected the company to earn $0.67 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 18.5% to $1.63 billion. This was down from $2.00 billion last year.

Franklin Resources Inc. earnings at a glance:

-Earnings (Q3): $446.4 Mln. vs. $504.2 Mln. last year. -Earnings Decline (Y-o-Y): -11.5% -EPS (Q3): $0.77 vs. $0.82 last year. -EPS Decline (Y-o-Y): -6.1% -Analysts Estimate: $0.67 -Revenue (Q3): $1.63 Bln vs. $2.00 Bln last year. -Revenue Change (Y-o-Y): -18.5%