Franklin Resources (BEN) Misses Q2 EPS by 3c

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Go back to Franklin Resources (BEN) Misses Q2 EPS by 3c

Franklin Resources, Inc. Announces Second Quarter Results

April 27, 2016 8:31 AM EDT

SAN MATEO, CA -- (Marketwired) -- 04/27/16 -- Franklin Resources, Inc. (the "Company") (NYSE: BEN) today announced net income(1) of $360.4 million or $0.61 per diluted share for the quarter ended March 31, 2016, as compared to $447.8 million or $0.74 per diluted share for the previous quarter and $606.5 million or $0.98 per diluted share for the quarter ended March 31, 2015.

"As equities rebounded toward the second half of the quarter, we were pleased to see improved performance for a number of our key investment strategies, particularly our hybrid and emerging markets funds," said Greg Johnson, Chairman and CEO of Franklin... More