Franklin Resources (BEN) Tops Q3 EPS by 3c

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Go back to Franklin Resources (BEN) Tops Q3 EPS by 3c

Franklin Resources, Inc. Announces Third Quarter Results

July 28, 2020 8:30 AM EDT

SAN MATEO, Calif.--(BUSINESS WIRE)-- Franklin Resources, Inc. (the Company) [NYSE: BEN] today announced net income1 of $290.4 million or $0.58 per diluted share for the quarter ended June 30, 2020, as compared to $79.1 million or $0.16 per diluted share for the previous quarter, and $245.9 million or $0.48 per diluted share for the quarter ended June 30, 2019. The mark-to-market of the Companys investment portfolio resulted in significant nonoperating income that drove the increase in net income for the quarter ended June 30, 2020. Operating income was $253.7 million for the quarter ended June 30, 2020, as compared to $356.1 million for the previous quarter and $374.9 million in the prior... More