Franklin Resources, Inc. (BEN: Quote) posted fourth quarter net income attributable to Franklin of $415.98 million or $1.88 per share versus $372.91 million or $1.65 per share last year.
On average, 17 analysts polled by Thomson Reuters expected the company to report earnings of $2.02 per share. Analysts' estimates typically exclude special items.
Total assets under management were $659.9 billion at September 30, 2011, up 2% year over year, primarily due to $36.4 billion of net new flows and $12.5 billion from acquisitions, partially offset by $30.5 billion in market depreciation.
Total operating revenues grew to $1.84 billion from last year's $1.53 billion. Analysts estimated revenues of $1.85 billion.
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by RTT Staff Writer
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