Franklin Resources Q4 Results Miss View - Quick Facts

(RTTNews) - Franklin Resources Inc. (BEN) on Thursday reported a rise in fourth-quarter net income to $509.0 million or $0.80 per share, from $492.1 million or $0.77 per share, a year ago. On average, 19 analysts polled by Thomson Reuters expected earnings per share of $0.87 for the quarter. Analysts' estimates typically exclude one-time items.

Operating revenues for the tri-monthly period were $1.98 billion, up 9%, compared with last year's $1.82 billion. Analysts estimated revenues of $2.08 billion for the quarter.

At September 30, 2013, total assets under management or AUM were $844.7 billion. AUM increased $94.8 billion or 13% year-on-year, chiefly due to $66.1 billion of market appreciation and $24.3 billion of net new flows.