Franklin Resources (BEN) Misses Q4 EPS by 3c
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Franklin Resources, Inc. Announces Preliminary Fourth Quarter and Fiscal Year Results
October 25, 2019 8:30 AM EDTSAN MATEO, Calif., Oct. 25, 2019 (GLOBE NEWSWIRE) -- Franklin Resources, Inc. (the Company) [NYSE: BEN] today announced preliminary net income1 of $306.4 million or $0.61 per diluted share for the quarter ended September 30, 2019, as compared to $245.9 million or $0.48 per diluted share for the previous quarter, and $502.5 million or $0.96 per diluted share for the quarter ended September 30, 2018. The previous quarter included an $86.4 million or $0.17 per diluted share tax charge and the quarter ended September 30, 2018 included an $89.6 million or $0.17 per diluted share tax reduction due to revisions to the estimated transition tax expense2 resulting from the Tax Cuts and Jobs Act of 2017 (the Tax Act).... More
