Investing.com - Franklin Resources (NYSE:BEN) reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Franklin Resources announced earnings per share of $0.96 on revenue of $2.08B. Analysts polled by Investing.com anticipated EPS of $0.8133 on revenue of $1.56B.
Franklin Resources shares are down 24% from the beginning of the year and are trading at $25.31 , down-from-52-week-high.They are under-performing the S&P 500 which is down 12.82% from the start of the year.
Franklin Resources shares lost 0.08% in pre-market trade 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 Monday, who reported EPS of $4774.01 on revenue of $70.81B, compared to forecasts EPS of $4,309.9 on revenue of $70.19B.
JPMorgan had missed expectations on Wednesday, April 13, 2022 with first quarter EPS of $2.63 on revenue of $30.72B, compared to forecast for EPS of $2.7 on revenue of $30.66B.
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