Franklin Resources Inc. (BEN) reported a drop in third-quarter net income attributable to the company to $455.27 million or $2.12 per share, from $503.35 million or $2.26 per share in the 2011 period. On average, 19 analysts polled by Thomson Reuters expected earnings per share of $2.05 for the quarter. Analysts' estimates typically exclude one-time items.
Operating revenues for the latest quarter totaled $1.78 billion, down 4% from last year's $1.85 billion, whereas 13 analysts estimated revenues of $1.80 billion for the quarter.
Total assets under management or "AUM" were $707.1 billion at June 30, 2012, a $18.6 billion or 3% decline during the quarter. The decrease was due mainly to $22.5 billion in market depreciation, partially offset by net new flows of $4.8 billion.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.