Franklin Resources Inc.’s (BEN) first-quarter fiscal 2024 (ended Dec 31, 2023) adjusted earnings of 65 cents per share surpassed the Zacks Consensus Estimate of 57 cents. The bottom line jumped 28% year over year. BEN’s results benefited from a rise in revenues and an improvement in assets under management (AUM) balance. Also, the company’s balance sheet position remained robust in the quarter. However, higher expenses were headwinds. Adjusted operating income was $417 million compared with the prior-year q ...