Franklin Resources (BEN) Misses Q4 EPS by 21c
Get Alerts BEN Hot Sheet
EPS Growth %: -4.9%
Financial Fact:
Taxes on income: 163.3M
Today's EPS Names:
FSI, RELV, NEOM, More
Join SI Premium – FREE
Franklin Resources (NYSE: BEN) reported Q4 EPS of $0.59, $0.21 worse than the analyst estimate of $0.80. Revenue for the quarter came in at $1.8 billion versus the consensus estimate of $1.93 billion.
Total assets under management ("AUM") were $770.9 billion at September 30, 2015, down $95.6 billion or 11% during the quarter primarily due to $61.2 billion of market depreciation, $28.6 billion of net new outflows, and a $4.6 billion decrease from foreign exchange revaluation. AUM decreased $127.1 billion or 14% during the fiscal year primarily due to $57.9 billion of market depreciation, $48.8 billion of net new outflows and a $15.1 billion decrease from foreign exchange revaluation. The foreign exchange revaluations are related to AUM in products that are not U.S. dollar denominated, which represents approximately 13% of total AUM, and primarily resulted from fluctuation of the U.S. dollar against the Canadian dollar and Australian dollar for the quarter and fiscal year, as well as the Euro for the fiscal year.
For earnings history and earnings-related data on Franklin Resources (BEN) click here.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- 2 reasons why Tesla stock fell on Thursday
- P3 Health Partners Inc. (PIII) Misses Q4 EPS by 14c, reaffirms guidance
- Dolphin Entertainment, Inc. (DLPN) Misses Q4 EPS by 33c
Create E-mail Alert Related Categories
EarningsRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!