Franklin Resources Q2 Profit Increases - Quick Facts

(RTTNews) - Franklin Resources Inc. (BEN) announced second-quarter net income attributable to the company of $578.9 million or $0.92 per share, up from $552.3 million or $0.86 per share last year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.95 per share for the quarter. Analysts' estimates typically exclude special items.

Total assets under management or "AUM" were $920.5 billion at June 30, 2014, up $33.6 billion or 4% during the quarter primarily due to $31.9 billion of market appreciation. AUM increased $105.5 billion or 13% year over year primarily due to $116.9 billion of market appreciation, partially offset by $7.2 billion of net new outflows.

Total operating revenues for the quarter was $2.131 billion, higher than last year's $2.085 billion. Wall Street expected revenues of $2.17 billion for the quarter.