Franklin Resources, Inc. (BEN) reported net income of $492.1 million or $2.31 per share for the fourth quarter versus $416 million or $1.88 per share last year.
Operating revenues for the three-month period decreased to $1.82 billion from $1.84 billion in the previous year.
Analysts polled by Thomson Reuters expected the company to report earnings of $2.30 per share on revenues of $1.83 billion for the quarter. Analysts' estimates typically exclude special items.
For comments and feedback: editorial@rttnews.com