Franklin Resources Q3 Results Top Estimates - Quick Facts

(RTTNews) - Franklin Resources Inc. (BEN) announced third-quarter net income attributable to the company of $552.3 million or $0.86 per share, up from $455.3 million or $0.71 per share in the year ago quarter. Analysts polled by Thomson Reuters expected the company to report earnings of $0.85 per share for the quarter. Analysts' estimates typically exclude special items.

Total operating revenues for the quarter rose to $2.08 billion from $1.78 billion in the prior year quarter. Thirteen analysts had consensus revenue estimate of $2.06 billion for the quarter.

Total assets under management or "AUM" were $815.0 billion at June 30, 2013, down $8.7 billion or 1% during the quarter. The decrease was primarily due to $16.3 billion in market depreciation, partially offset by $8.4 billion of net new flows. AUM increased $107.9 billion or 15% year over year, primarily due to $73.8 billion in market appreciation and $29.9 billion of net new flows.