The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Earnings Surge at Franklin Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, October 27, 2005

Earnings Surge at Franklin

by: Theresa Sim

Third quarter earnings at San Mateo, California-based Franklin Resources surged 28 percent from the last quarter and 78 percent from the same period last year.

Net income was $334.5 million, or $1.28 per diluted share, soaring far above analysts' expectations of $1.02 per share. Second quarter net income was $261.9 million, or $1.00 per diluted share in the quarter-before, and year-ago earnings were $187.7 million, or $0.73 per diluted share.

Assets under management totaled $453.1 billion, up 7 percent from the previous quarter and 25 percent from the year-ago quarter.

U.S. retail assets, which totaled $275.3 billion at the end of the third quarter, were boosted by $5.2 billion in net inflows and $9.8 billion in market appreciation. Franklin added $2.2 billion in net inflows and $10.5 billion market appreciation to institutional and international asset categories over the quarter, resulting in $177.8 billion in total assets under management.  

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2023
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use