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Franklin Resources Inc. Reports Drop In Q4 Earnings

Franklin Resources Inc. (BEN) reported earnings for fourth quarter that declined from the same period last year.

The company's bottom line totaled $306.4 million, or $0.61 per share. This compares with $502.5 million, or $0.96 per share, in last year's fourth quarter.

The company's revenue for the quarter fell 5.2% to $1.45 billion from $1.53 billion last year.

Franklin Resources Inc. earnings at a glance:

-Earnings (Q4): $306.4 Mln. vs. $502.5 Mln. last year.
-EPS (Q4): $0.61 vs. $0.96 last year.
-Revenue (Q4): $1.45 Bln vs. $1.53 Bln last year.

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