Franklin Resources Q3 Profit Down, Yet Meets Estimates

Shutterstock photo

(RTTNews.com) - Franklin Resources Inc. ( BEN ) Friday reported third quarter net profit of $402 million, down from $410.6 million last year. On a per share basis, earnings were $0.75, a 3 percent decline from $0.73 a year ago.

On average, 13 analysts polled by Thomson Reuters expected the company to earn $0.75 per share. Analysts estimates usually exclude special items.

Net revenue for the quarter decreased 3 percent to $1.558 billion, from $1.613 billion in the prior year. Street analysts were looking for $1.57 billion.

Read the original article on RTTNews (http://www.rttnews.com/2919346/franklin-resources-q3-profit-down-yet-meets-estimates.aspx)

For comments and feedback: contact editorial@rttnews.com

This article appears in: Fundamental Analysis , World Markets , Stocks , Earnings
Referenced Symbols: BEN ,

More from RTT News


See All RTT news

Research Brokers before you trade

Want to trade FX?