MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
|
|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, October 27, 2005 Earnings Surge at Franklin 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. Printed from: MFWire.com/story.asp?s=10730 Copyright 2005, InvestmentWires, Inc. All Rights Reserved |