Franklin Resources (BEN) Tops Q1 EPS by 19c

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Go back to Franklin Resources (BEN) Tops Q1 EPS by 19c

Franklin Resources, Inc. Announces First Quarter Results

February 1, 2022 8:30 AM EST

SAN MATEO, Calif.--(BUSINESS WIRE)-- Franklin Resources, Inc. (the Company) [NYSE: BEN] today announced net income1 of $453.2 million or $0.88 per diluted share for the quarter ended December 31, 2021, as compared to $665.7 million or $1.30 per diluted share for the previous quarter, and $345.3 million or $0.67 per diluted share for the quarter ended December 31, 2020. Operating income was $557.7 million for the quarter ended December 31, 2021, as compared to $531.5 million for the previous quarter and $409.1 million in the prior year. The previous quarter included a tax benefit2 of $155.1 million or $0.30 per diluted share due to the release of certain tax reserves primarily related to the... More