Franklin Resources Q4 Adj EPS $0.84 Beats $0.59 Estimate, Sales $1.99B Beat $1.56B Estimate
Portfolio Pulse from Benzinga Newsdesk
Franklin Resources (NYSE:BEN) reported Q4 earnings of $0.84 per share, beating the analyst consensus estimate of $0.59 by 42.37%. This is a 7.69% increase from the same period last year. The company also reported quarterly sales of $1.99 billion, beating the analyst consensus estimate of $1.56 billion by 27.31%, a 2.42% increase from the same period last year.
October 31, 2023 | 12:31 pm
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Franklin Resources reported Q4 earnings and sales that beat analyst estimates, which could positively impact its stock price in the short term.
Franklin Resources reported higher than expected earnings and sales for Q4. This positive financial performance could increase investor confidence and demand for the stock, potentially driving its price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100