Franklin Resources (BEN) Tops Q1 EPS by 4c

Franklin Resources (NYSE: BEN) reported Q1 EPS of $0.70, $0.04 better than the analyst estimate of $0.66. Revenue for the quarter came in at $1.41 billion versus the consensus estimate of $1.44 billion.

“Through sound expense discipline, we were encouraged to see a second consecutive quarter of significant net income increases, even as net redemptions have continued,” said Greg Johnson, Chairman and CEO of Franklin Resources, Inc. “We’re making strong progress on our important long-term focus areas, including the recently announced acquisitions of Athena Capital and Pennsylvania Trust which will expand Fiduciary Trust, our high-net-worth business, by nearly 50% in assets under management.”

For earnings history and earnings-related data on Franklin Resources (BEN) click here.

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