Asset management company Franklin Resources, Inc. (NYSE: BEN) has reported an increase in revenues for the first quarter of fiscal 2025.
- First-quarter net income was $163.6 million or $0.29 per share, compared to a loss of $84.7 million or $0.19 per share in Q1 2024
- Adjusted earnings for the quarter remained unchanged year-over-year at $0.59 per share
- Operating revenue increased 2% to $2.25 billion in the first quarter from $2.21 billion a year earlier
- December-quarter operating income came in at $219 million, compared to a loss of $150.7 million in the prior-year period
- Adjusted operating income was $412.8 million in Q1, compared to $451.6 million in the same quarter last year
- Total assets under management were $1.58 trillion as of December 31, 2024
- At the end of the quarter, cash, cash equivalents, and investments were $6.3 billion, including the company’s direct investments in consolidated investment products
The post Earnings Summary: Franklin Resources reports a modest rise in Q1 revenue first appeared on AlphaStreet.
Asset management company Franklin Resources, Inc. (NYSE: BEN) has reported an increase in revenues for the first quarter of fiscal 2025. First-quarter net income was $163.6 million or $0.29 per
The post Earnings Summary: Franklin Resources reports a modest rise in Q1 revenue first appeared on AlphaStreet.
Asset management company Franklin Resources, Inc. (NYSE: BEN) has reported an increase in revenues for the first quarter of fiscal 2025.
- First-quarter net income was $163.6 million or $0.29 per share, compared to a loss of $84.7 million or $0.19 per share in Q1 2024
- Adjusted earnings for the quarter remained unchanged year-over-year at $0.59 per share
- Operating revenue increased 2% to $2.25 billion in the first quarter from $2.21 billion a year earlier
- December-quarter operating income came in at $219 million, compared to a loss of $150.7 million in the prior-year period
- Adjusted operating income was $412.8 million in Q1, compared to $451.6 million in the same quarter last year
- Total assets under management were $1.58 trillion as of December 31, 2024
- At the end of the quarter, cash, cash equivalents, and investments were $6.3 billion, including the company’s direct investments in consolidated investment products
Listen to the conference calls as they happen. Don’t miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Earnings: Highlights of AMD’s Q4 2024 report
Chipmaker Advanced Micro Devices, Inc. (NASDAQ: AMD) on Tuesday announced financial results for the fourth quarter of 2024. Fourth-quarter earnings, on an adjusted basis, were $1.09 per share, compared to
GOOG Earnings: Alphabet’s Q4 2024 profit beats estimates; revenue up 12%
Alphabet Inc. (NASDAQ: GOOG, GOOGL), the parent of Internet search giant Google, Tuesday reported higher revenue and earnings for the fourth quarter of 2024. Earnings exceeded Wall Street’s estimates. Alphabet’s
PepsiCo (PEP) expects resilience in international business and improvement in North America in 2025
Shares of PepsiCo, Inc. (NASDAQ: PEP) were down over 4% on Tuesday after the company delivered mixed results for the fourth quarter of 2024. Earnings beat expectations while revenue came
Tags
Discover more from World Byte News
Subscribe to get the latest posts sent to your email.
