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Franklin Resources Q3 Earnings Meet Estimates

Franklin Resources Inc. (BEN) Friday reported a third quarter net profit of $402 million, down from $410.6 million last year. On a per share basis, earnings were $0.75 compared to $0.73 a year ago.

On average, 13 analysts polled by Thomson Reuters expected the company to earn $0.75 per share. Analysts estimates usually exclude special items.

Net revenue for the quarter decreased 3 percent to $1.558 billion, from $1.613 billion in the prior year. Street analysts were looking for $1.57 billion.

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