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Stock impact report

Franklin Resources, Inc. Announces Preliminary Fourth Quarter and Fiscal Year Results

Franklin Resources, Inc. (BEN) 
Last franklin resources, inc. earnings: 4/30 08:30 am Check Earnings Report
Company Research Source: GlobeNewswire
SAN MATEO, Calif., Oct. 25, 2018 (GLOBE NEWSWIRE) -- Franklin Resources, Inc. (the “Company”) [NYSE: BEN] today announced preliminary net income1 of $502.5 million or $0.96 per diluted share for the quarter ended September 30, 2018, which included an $89.6 million or $0.17 per diluted share reduction of the estimated income tax charge2 resulting from enactment of the Tax Cuts and Jobs Act of 2017 (the “Tax Act”). Net income for the previous quarter was $402.0 million or $0.75 per diluted share, and $425.2 million or $0.76 per diluted share for the quarter ended September 30, 2017. Preliminary net income1 for the year ended September 30, 2018 was $764.4 million or $1.39 per diluted share, which included an estimated income tax charge2 of $968.8 million or $1.80 per diluted share resulting from the Tax Act, as compared to $1,696.7 million or $3.01 per diluted share for the previous year. “There were a number of noteworthy developments in fiscal year 2018,” said Greg Johnson, Chairman Show less Read more
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