Franklin Resources (BEN) Tops Q1 EPS by 1c, Revenues Beat

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Go back to Franklin Resources (BEN) Tops Q1 EPS by 1c, Revenues Beat

Franklin Resources, Inc. Announces First Quarter Results

February 2, 2021 8:30 AM EST

SAN MATEO, Calif.--(BUSINESS WIRE)-- Franklin Resources, Inc. (the Company) [NYSE: BEN] today announced net income1 of $345.3 million or $0.67 per diluted share for the quarter ended December 31, 2020, as compared to $78.9 million or $0.15 per diluted share for the previous quarter, and $350.5 million or $0.70 per diluted share for the quarter ended December 31, 2019. Operating income2 was $409.1 million for the quarter ended December 31, 2020, as compared to $103.6 million for the previous quarter and $372.9 million in the prior year.

As supplemental information, the Company is providing certain adjusted performance measures which are based on methodologies other than generally accepted accounting principles.3 Adjusted net... More