Higher Profit for Franklin Resources
Franklin Resources (NYSE: BEN) announced its results for the fourth quarter on October 27, 2011. Let's take a closer look at the company's industry, financials, and commentary and see what steps you can take next.
Earnings and Revenue:
Franklin Resources fell short of estimates with EPS of $1.88/share and revenues of $1.84 billion. Analysts were expecting EPS of $1.99/share and revenues of $1.85 billion. EPS rose 13.9% while revenue climbed 20% from the same period last year.
Last quarter marked the third in a row of rising net income. Franklin Resources has averaged revenue growth of 20% over the past five quarters.
Income:
For the year, Franklin Resources reported net income of $8.62/share. The company trumped analyst projections of $8.16 by 5.6%. According to the reported number, the company's income rose 11.6% from last year's levels.
Conference Call:
The conference call for fourth quarter earnings can be accessed here.
Industry:
Franklin Resources' industry, finance-investment management, is currently reporting price/earnings growth of 1.1%.
What to Do Next:
Now you're all set to decide what to do with those Franklin Resources shares until the next earnings announcement. Whether you buy, sell, or hold, check back with us before the company's next earnings release for a full preview.
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