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Franklin Resources Inc. Q2 adjusted earnings Beat Estimates

Franklin Resources Inc. (BEN) announced earnings for second quarter that declined from last year.

The company's earnings came in at $79.1 million, or $0.16 per share. This compares with $367.5 million, or $0.72 per share, in last year's second quarter.

Excluding items, Franklin Resources Inc. reported adjusted earnings of $332.8 million or $0.66 per share for the period.

Analysts had expected the company to earn $0.42 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 6.3% to $1.34 billion from $1.43 billion last year.

Franklin Resources Inc. earnings at a glance:

-Earnings (Q2): $332.8 Mln. vs. $330.6 Mln. last year.
-EPS (Q2): $0.66 vs. $0.65 last year.
-Analysts Estimate: $0.42
-Revenue (Q2): $1.34 Bln vs. $1.43 Bln last year.

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