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Tough year for Franklin Resource, but FQ4 tops estimates

Oct. 26, 2016 9:03 AM ETFranklin Resources, Inc. (BEN) StockBENBy: Stephen Alpher, SA News Editor
  • FQ4 net income of $472.1M or $0.82 per share vs. $446.4M and $0.77 in Q2, $358.2M and $0.59 one year earlier.
  • Full-year net income of $1.727B or $2.94 per share vs. $2.035B and $3.29 in 2015.
  • FQ4 operating margin of 35.9% vs. 38.3% a year ago. Full-year margin of 35.7% vs. 38.1% in 2015.
  • AUM of $733.3B about flat Q/Q, and down 5% Y/Y. Net outflows of $22.1B during quarter vs. $19.2B in Q2 and $28.6B one year ago.
  • Previously: Franklin Resources beats by $0.13, misses on revenue (Oct. 26)
  • BEN flat premarket

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