Franklin Resources (BEN) Tops Q2 EPS by 24c, Revenues Beat
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Franklin Resources, Inc. Announces Second Quarter Results
April 30, 2020 8:30 AM EDTSAN MATEO, Calif.--(BUSINESS WIRE)-- Franklin Resources, Inc. (the Company) [NYSE: BEN] today announced net income1 of $79.1 million or $0.16 per diluted share for the quarter ended March 31, 2020, as compared to $350.5 million or $0.70 per diluted share for the previous quarter, and $367.5 million or $0.72 per diluted share for the quarter ended March 31, 2019. The mark-to-market of the Companys investment portfolio resulted in significant nonoperating losses that drove the decline in net income for the quarter ended March 31, 2020. Operating income was $356.1 million for the quarter ended March 31, 2020, as compared to $392.7 million for the previous quarter and $379.5 million in the prior... More
