Franklin Resources Q4 Results Tops Estimate

(RTTNews) - Investment manager Franklin Resources, Inc. (BEN) announced Friday net income attributable to Franklin for the fourth quarter of $117.6 million or $0.21 per share, compared to a net loss of $84.7 million or $0.19 per share in the prior-year quarter.

Excluding item, adjusted net income for the quarter was $0.67 per share, compared to $0.59 per share in the year-ago quarter.

Total operating revenue for the quarter increased 6 percent to $2.34 billion from $2.21 billion in the same quarter last year.

On average, analysts polled expected the company to report earnings of $0.59 per share on revenues of $2.18 billion for the quarter. Analysts' estimates typically exclude special items.

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