Investing.com - Franklin Resources (NYSE:BEN) reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Franklin Resources announced earnings per share of $0.82 on revenue of $2.03B. Analysts polled by Investing.com anticipated EPS of $0.7552 on revenue of $1.54B.
Franklin Resources shares are down 9% from the beginning of the year and are trading at $25.50 , down-from-52-week-high.They are outperforming the S&P 500 which is down 15.58% from the start of the year.
Franklin Resources shares gained 0.28% in pre-market trade after the report.
Franklin Resources follows other major Financial sector earnings this month
Franklin Resources's report follows an earnings beat by Berkshire Hathaway A on Tuesday, July 19, 2022, who reported EPS of $4774.01 on revenue of $70.81B, compared to forecasts EPS of $4277.66 on revenue of $70.32B.
JPMorgan had missed expectations on Thursday, July 14, 2022 with second quarter EPS of $2.76 on revenue of $30.72B, compared to forecast for EPS of $2.89 on revenue of $31.86B.
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