Franklin Resources (BEN) Tops Q1 EPS by 9c

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Go back to Franklin Resources (BEN) Tops Q1 EPS by 9c

Franklin Resources, Inc. Announces First Quarter Results

January 27, 2017 8:30 AM EST

SAN MATEO, Calif., Jan. 27, 2017 (GLOBE NEWSWIRE) -- Franklin Resources, Inc. (the Company) (NYSE: BEN) today announced net income1 of $440.2 million or $0.77 per diluted share for the quarter ended December 31, 2016, as compared to $472.1 million or $0.82 per diluted share for the previous quarter and $447.8 million or $0.74 per diluted share for the quarter ended December 31, 2015.

We had a strong first fiscal quarter in terms of investment performance which extended the strong rebound of performance in 2016, said Greg Johnson, Chairman and CEO of Franklin Resources, Inc. The impact of rising rates during the quarter was... More