Franklin Resources Achieves 8% Revenue Growth Amid Declining Net Income in Q3 2024
Friday, 26 July 2024, 15:33
Franklin Resources' Q3 2024 Earnings Summary
Asset management company Franklin Resources, Inc. (NYSE: BEN) recently published its earnings for the third quarter of fiscal 2024, showcasing some significant metrics.
Key Financial Metrics
- Revenue Growth: An 8% increase in revenues.
- Net Income Decline: Net income decreased to $174.0 million or $0.32 per share this quarter.
- Adjusted Net Income Stability: Adjusted net income was reported at $326.4 million or $0.60 per share.
Conclusion
Despite the decline in net income, Franklin Resources demonstrates adaptability with revenue growth, reinforcing its standing in the asset management industry.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.