Franklin Resources Inc. Reports 17% Rise In Q2 Earnings

(RTTNews) - Franklin Resources Inc. (BEN) reported earnings for its second quarter that rose compared to the same period last year.

The company said its bottom line advanced to $420.7 million, or $0.74 per share. This was higher than $360.4 million, or $0.61 per share, in last year's second 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 0.6% to $1.60 billion. This was down from $1.61 billion last year.

Franklin Resources Inc. earnings at a glance:

-Earnings (Q2): $420.7 Mln. vs. $360.4 Mln. last year. -Earnings Growth (Y-o-Y): 16.7% -EPS (Q2): $0.74 vs. $0.61 last year. -EPS Growth (Y-o-Y): 21.3% -Analysts Estimate: $0.67 -Revenue (Q2): $1.60 Bln vs. $1.61 Bln last year. -Revenue Change (Y-o-Y): -0.6%