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Friday, January 27, 2017

Franklin Resources (BEN) reported earnings on Fri 27 Jan 2017 (b/o)

** charts before earnings **




 




** charts after earnings **




Franklin Resources beats by $0.09, misses on revs :
  • Reports Q1 (Dec) earnings of $0.77 per share, $0.09 better than the Capital IQ Consensus of $0.68; revenues fell 11.2% year/year to $1.56 bln vs the $1.59 bln Capital IQ Consensus. Total assets under management were $720.0 billion at December 31, 2016, down $13.3 billion during the quarter primarily due to $14.4 billion of net outflows.

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