Franklin Resources Non-GAAP EPS of $0.82 beats by $0.09, revenue of $2.03B misses by $720M

Jul. 28, 2022 8:32 AM ETFranklin Resources, Inc. (BEN)By: Pranav Ghumatkar, SA News Editor1 Comment
  • Franklin Resources press release (NYSE:BEN): Q2 Non-GAAP EPS of $0.82 beats by $0.09.
  • Revenue of $2.03B (-6.5% Y/Y) misses by $720M.
  • “We continue to make progress building our alternative asset business, which is less correlated to public markets. This quarter, we closed the acquisition of Lexington Partners, a global leader in secondary private equity and co-investments, and announced the acquisition of Alcentra, one of the largest European alternative credit managers. Pro forma for Alcentra’s AUM, our alternative credit AUM doubles to $77 billion and our aggregate alternative AUM increases to $263 billion, further diversifying our business into asset classes where we see growing client demand.” said Jenny Johnson, President and CEO.

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