MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, May 3, 2012 Franklin Reports "Good But Not Great" Earnings Despite swinging back to positive inflows last quarter, Franklin Resources still disappointed some analysts and investors with its earnings results. Reuters reports that the San Mateo, California-based mutual fund firm's shares fell 3.3 percent yesterday, even as the Dow Jones index of asset managers fell 1.2 percent. Yet Franklin's earnings of $2.32 per share beat analysts' expectations of $2.22, according to Thomson Reuters. Franklin posted inflows of $5.6 billion in the second quarter which ended March 31, below the $9 billion expected by Sandler O'Neill analyst Michael Kim. Nomura Securities analyst Glenn Schorr said the results were "good but not great." Franklin's assets under management climbed to $724.7 billion by March 31. Printed from: MFWire.com/story.asp?s=39909 Copyright 2012, InvestmentWires, Inc. All Rights Reserved |