Franklin (BEN) Q3 Earnings Surpass Estimates, AUM Increases
BENFranklin Resources(BEN) ZACKS·2024-07-26 23:25

Franklin Resources Inc.’s (BEN) third-quarter fiscal 2024 (ended Jun 30, 2024) adjusted earnings of 60 cents per share beat the Zacks Consensus Estimate of 57 cents. The bottom line declined 5% year over year.BEN’s results have benefited from a rise in revenues and an improvement in the assets under management (AUM) balance. However, higher expenses were headwinds.   Adjusted operating income was 424.9millioncomparedwiththeprioryearquarters424.9 million compared with the prior-year quarter’s 476.8 million. Net income (GAAP) attributable to Franklin ...