Investing.com - Franklin Resources (NYSE:BEN) reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Franklin Resources announced earnings per share of $0.73 on revenue of $2B. Analysts polled by Investing.com anticipated EPS of $0.7246 on revenue of $1.44B.
Franklin Resources shares are up 6% from the beginning of the year, still down 7.03% from its 52 week high of $28.59 set on January 27. They are outperforming the S&P 500 which is up 0.47% from the start of the year.
Franklin Resources follows other major Financial sector earnings this month
Franklin Resources's report follows an earnings beat by JPMorgan on January 15, who reported EPS of $3.79 on revenue of $30.16B, compared to forecasts EPS of $2.62 on revenue of $28.67B.
Mastercard had beat expectations on Thursday with fourth quarter EPS of $1.64 on revenue of $4.12B, compared to forecast for EPS of $1.52 on revenue of $4B.
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