01.11.2022 13:45:43
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Franklin Resources Inc. Q4 Profit Decreases, but beats estimates
(RTTNews) - Franklin Resources Inc. (BEN) reported a profit for fourth quarter that decreased from last year but beat the Street estimates.
The company's bottom line came in at $232.7M, or $0.46 per share. This compares with $665.7M, or $1.30 per share, in last year's fourth quarter.
Excluding items, Franklin Resources Inc. reported adjusted earnings of $394.4M or $0.78 per share for the period.
Analysts on average had expected the company to earn $0.67 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 11.1% to $1.939 billion from $2.181 billion last year.
Franklin Resources Inc. earnings at a glance (GAAP) :
-Earnings (Q4): $232.7M. vs. $665.7M. last year. -EPS (Q4): $0.46 vs. $1.30 last year. -Analyst Estimates: $0.67 -Revenue (Q4): $1.939 Bln vs. $2.181 Bln last year.
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Franklin Resources Inc. | 19,59 | 0,90% |