Franklin Resources Inc. Reports Gain In Q2 Earnings

(RTTNews) - Franklin Resources Inc. (BEN) reported earnings for its second quarter that increased from the same period last year.

The company's profit came in at $443.2 million, or $0.78 per share. This compares with $420.7 million, or $0.74 per share, in last year's second quarter.

Analysts had expected the company to earn $0.75 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 1.2% to $1.62 billion from $1.60 billion last year.

Franklin Resources Inc. earnings at a glance:

-Earnings (Q2): $443.2 Mln. vs. $420.7 Mln. last year. -EPS (Q2): $0.78 vs. $0.74 last year. -Analysts Estimate: $0.75 -Revenue (Q2): $1.62 Bln vs. $1.60 Bln last year.