Franklin Resources, Inc. Announces Preliminary Fourth Quarter and Fiscal Year Results

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Go back to Franklin Resources, Inc. Announces Preliminary Fourth Quarter and Fiscal Year Results

Franklin Resources (BEN) Misses Q4 EPS by 11c, Revenues Beat

October 27, 2020 8:32 AM EDT

Franklin Resources (NYSE: BEN) reported Q4 EPS of $0.56, $0.11 worse than the analyst estimate of $0.67. Revenue for the quarter came in at $1.71 billion versus the consensus estimate of $1.42 billion.

While fiscal 2020 presented many challenges to the economy, our industry, and our business, it was also marked by exciting new opportunities for the firm, said Jenny Johnson, President and CEO of Franklin Resources, Inc. Of course, the most significant of those being the acquisition of Legg Mason and its specialist investment managers ("SIMs"). In a single transaction, we acquired multiple companies that brought strategically important investment capabilities to... More