Franklin Resources Q2 Profit Drops - Quick Facts

(RTTNews) - Franklin Resources, Inc. (BEN) on Monday posted lower second-quarter net income attributable to the company of $561.0 million or $0.89 per, as compared with $572.8 million or $0.90 per share, a year before. On average, 18 analysts polled by Thomson Reuters expected earnings per share of $0.89 for the quarter. Analysts' estimates typically exclude one-time items.

On the other hand, total operating revenues advanced by 4% year-over-year to $2.095 billion, from $2.01 billion, while 13 analysts estimated revenues of $2.11 billion for the quarter.

Total assets under management or AUM were $886.9 billion at March 31, 2014, up 1% during the quarter, largely due to $15.9 billion of market appreciation, partially offset by $7.1 billion of net new outflows.