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Franklin Resources Inc. Q1 Income Rises

Franklin Resources Inc. (BEN) announced a profit for its first quarter that rose from the same period last year.

The company's bottom line came in at $350.5 million, or $0.70 per share. This compares with $275.9M, or $0.54 per share, in last year's first quarter.

Analysts had expected the company to earn $0.66 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Revenue came in at $1.41 billion, equal to the mark posted in the same period last year.

Franklin Resources Inc. earnings at a glance:

-Earnings (Q1): $350.5 Mln. vs. $275.9M. last year.
-EPS (Q1): $0.70 vs. $0.54 last year.
-Analysts Estimate: $0.66
-Revenue (Q1): $1.41 Bln vs. $1.41 Bln last year.

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