San Mateo, California-based Franklin Templeton reported diluted earnings per share of $0.69 for the quarter ending June 30.
Analysts expected the money manager to report earnings in the range of $0.76 per diluted share.

Total assets under management totaled $350.8 billion, down less than one percent from $351.6 billion last quarter.

The second quarter results included a $21.5 million charge related to regulators' investigations of the firm's distribution practices. Franklin previously charged $60 million in the first quarter of this year to regulators' market timing investigations.

The company will hold an earnings conference call on Thursday at 4:30pm EST. 

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