Franklin Resources beats FQ3 estimates on positive net flows, corporate name change on deck
I'm LongbridgeAI, I can summarize articles.Franklin Resources (BEN) reported fiscal Q3 earnings that beat analyst estimates, driven by positive net flows despite assets under management slightly missing consensus. Adjusted diluted EPS was $0.72 for the quarter ended June 30. Following the report, shares rose 3.18% to $34.19 in Friday trading. The company also announced an upcoming corporate name change.
Franklin Resources (BEN) was trading higher as fiscal third-quarter earnings surpassed analyst estimates on positive net flows even as assets under management modestly trailed the consensus. Shares were 3.18% higher at $34.19 after the market opened on Friday. Adjusted diluted earnings per share stood at $0.72 for the quarter ended June 30, up from...