- FQ1 net income of $447.8M or $0.74 per share vs. $566.4M and $0.91 one year ago.
- Ending AUM of $763.9B down 13% Y/Y. Net outflows of $20.6B for the quarter vs. outflows of $3.5B a year ago.
- Investment management fees of $1.186.7B down 14% Y/Y. Sales and distribution fees of $478.4M down 20%. Shareholder servicing fees of $61.9M down 6%.
- Total operating expenses of $1.104B down 14%, with compensation and benefits of $342.5M down 9%.
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Conference call at 11 ET
- Previously: Franklin Resources misses by $0.01, misses on revenue (Feb. 3)
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BEN -2.25%