Asset management company Franklin Resources, Inc. (NYSE: BEN) on Friday reported an increase in revenues for the third quarter of fiscal 2024.
- Third-quarter net income decreased to $174.0 million or $0.32 per share from $227.5 million or $0.44 per share last year
- Adjusted net income was $326.4 million or $0.60 per share in Q3, vs. $326.1 million or $0.63 per share in the prior-year quarter
- June-quarter operating income declined to $222.5 million from $314.9 million in the corresponding period of 2023
- Adjusted operating income came in at $424.9 million in Q3, compared to $476.8 million in the same quarter last year
- Total assets under management were $1.65 trillion on June 30, 2024, representing a $1.9 billion growth during the quarter
- At the end of the quarter, cash, cash equivalents, and investments were $5.6 billion; including the company’s direct investments in consolidated investment products, it was $6.8 billion
- The company repurchased 4.3 million shares of its common stock for a total cost of $101.5 million during the quarter
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Key metrics from Kroger’s (KR) Q3 2025 earnings results
The Kroger Co. (NYSE: KR) reported its third quarter 2025 earnings results today. Total company sales rose to $33.9 billion from $33.6 billion in the same period last year. Identical
Dollar General (DG) Q3 2025 Earnings: Key financials and quarterly highlights
Dollar General Corporation (NYSE: DG) reported its third quarter 2025 earnings results today. Net sales increased 4.6% year-over-year to $10.65 billion. Same-store sales increased 2.5%. Net income was $282.7 million, or
HRL Earnings: All you need to know about Hormel Foods’ Q4 2025 earnings results
Hormel Foods Corporation (NYSE: HRL) reported its fourth quarter 2025 earnings results today. Net sales increased 1.5% year-over-year to $3.18 billion. Organic sales were up 2%. Net loss attributable to Hormel
