Franklin Templeton: Fiscal Q4 Earnings Snapshot

SAN MATEO, Calif. (AP) — SAN MATEO, Calif. (AP) — Franklin Templeton Inc. (BEN) on Friday reported fiscal fourth-quarter earnings of $380.1 million.

The San Mateo, California-based company said it had net income of 72 cents per share. Earnings, adjusted for one-time gains and costs, were 94 cents per share.

The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 78 cents per share.

The investment manager posted revenue of $2.43 billion in the period.

For the year, the company reported profit of $1.08 billion, or $1.97 per share. Revenue was reported as $9.42 billion.

Franklin Templeton shares have risen 35% since the beginning of the year, while the S&P's 500 index has climbed slightly more than 7%. The stock has risen 42% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BEN at https://www.zacks.com/ap/BEN