Franklin Resources Q1 Profit Down - Quick Facts

(RTTNews) - Franklin Resources Inc. (BEN) reported that its net income attributable to the company for the first-quarter ended December 31, 2014 declined to $566.4 million or $0.91 per share, from $603.8 million or $0.96 per share in the quarter ended December 31, 2013.

Total operating revenues were $2.06 billion, down from $2.11 billion in the previous year.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.93 per share and revenues of $2.13 billion for the quarter. Analysts' estimates typically exclude special items.

Total assets under management ("AUM") were $880.1 billion at December 31, 2014, down $17.9 billion or 2% during the quarter primarily due to $12.1 billion of market depreciation and other, which included a $4.6 billion decrease due to the impact of foreign exchange revaluation, and net new outflows of $3.5 billion.