Franklin Resources Preliminary Q4 Net Income Rises

(RTTNews) - Franklin Resources, Inc. (BEN) reported preliminary fourth quarter net income of $295.5 million or $0.58 per share, compared to $232.7 million or $0.46 per share, prior year. Preliminary adjusted net income was $427.0 million and adjusted earnings per share was $0.84, compared to $394.4 million and $0.78, prior year. On average, ten analysts polled by Thomson Reuters expected the company to report profit per share of $0.59, for the quarter. Analysts' estimates typically exclude special items.

Preliminary fourth quarter operating revenues were $1.99 billion, up 2% from last year. Analysts on average had estimated $1.56 billion in revenue.

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