Investing.com - Franklin Resources (NYSE:BEN) reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that was inline with expectations.
Franklin Resources announced earnings per share of $0.66 on revenue of $1.34B. Analysts polled by Investing.com anticipated EPS of $0.43 on revenue of $1.34B. That with comparison to EPS of $0.72 on revenue of $1.43B in the same period a year before.Franklin Resources had reported EPS of $0.7 on revenue of $1.41B in the previous quarter.Analysts are expecting EPS of $0.44 and revenue of $1.27B in the upcoming quarter.
Franklin Resources shares are down 28% from the beginning of the year and are trading at $19.00 , down-from-52-week-high.They are under-performing the S&P 500 which is down 9.4% year to date.
Franklin Resources shares gained 2.76% in pre-market trade the report.
Franklin Resources follows other major Financial sector earnings this month
Franklin Resources's report follows an earnings missed by JPMorgan on Tuesday, April 14, 2020, who reported EPS of $0.78 on revenue of $29.07B, compared to forecasts EPS of $1.87 on revenue of $29.54B.
Mastercard had beat expectations on Wednesday with first quarter EPS of $1.83 on revenue of $4.01B, compared to forecast for EPS of $1.75 on revenue of $4B.
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