MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, April 28, 2010 Franklin's Earnings and Flows Rise Franklin Resources boosted both its earnings and net flows last quarter. This morning the San Mateo, California-based parent of Franklin Templeton revealed that it earned $1.55 per diluted share in the quarter ended March 31, 2010 (which counts as Franklin's second quarter), more than tripling from $0.47 in Q2 2009. That just missed analysts' estimate of $1.56, Reuters reports. Meanwhile, Franklin's net flows rose to inflows of $17.4 billion in Q2 2010, from inflows of $14.3 billion for Q1 2010 and outflows of $5.5 billion for Q2 2009. The mutual fund firm boasted assets under management of $586.8 billion on March 31, 2010. Printed from: MFWire.com/story.asp?s=32041 Copyright 2010, InvestmentWires, Inc. All Rights Reserved |