Franklin Resources (BEN) Tops Q1 EPS by 4c
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Franklin Resources, Inc. Announces First Quarter Results
January 30, 2020 8:30 AM ESTSAN MATEO, Calif.--(BUSINESS WIRE)-- Franklin Resources, Inc. (the Company) [NYSE: BEN] today announced net income1 of $350.5 million or $0.70 per diluted share for the quarter ended December 31, 2019, as compared to $306.4 million or $0.61 per diluted share for the previous quarter, and $275.9 million or $0.54 per diluted share for the quarter ended December 31, 2018.
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. Were making strong progress on our important long-term focus areas, including the recently... More
