Franklin Resources (BEN) Tops Q4 EPS by 9c

Franklin Resources (NYSE: BEN) reported Q4 EPS of $1.02, $0.09 better than the analyst estimate of $0.93. Revenue for the quarter came in at $2.16 billion versus the consensus estimate of $2.17 billion.

Total assets under management ("AUM") were $898.0 billion at September 30, 2014, down $22.5 billion or 2% during the quarter primarily due to $21.4 billion of market depreciation and other, which includes a $7.2 billion decrease due to the impact of foreign exchange revaluation. Net new outflows were $0.1 billion during the quarter. AUM increased $53.3 billion or 6% during the fiscal year primarily due to $62.4 billion of market appreciation and other, which is net of a $6.8 billion decrease due to the impact of foreign exchange revaluation, partially offset by $4.6 billion of net new outflows.

For earnings history and earnings-related data on Franklin Resources (BEN) click here.

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