* Fiscal Q4 EPS $1.65 misses estimates of $1.74
* Inflows of $19.4 bln vs $18.8 bln prior quarter
BOSTON (Reuters) - Asset manager Franklin Resources
Inc said profit in its fiscal fourth quarter rose
slightly as investors put more money into its funds, but missed
analyst expectations.
The San Mateo, California, parent of Franklin Templeton
Investments said for the three months ended Sept. 30 it had net
income of $372.9 million, or $1.65 per share, compared with
$367.4 million, or $1.59 per share, in the same period a year
earlier.
Analysts surveyed by Thomson Reuters I/B/E/S had on average
expected the company to earn $1.74 per share on revenue of
$1.56 billion. Revenue came in at $1.53 billion.
But net new flows into the company's funds rose to $19.4
billion from $18.8 billion in the prior quarter and from $12.2
billion in the year-ago quarter. In contrast, some competitors
including Legg Mason Inc and AllianceBernstein Holding
LP have recently reported outflows for the September
quarter.
(Reporting by Ross Kerber, editing by Gerald E. McCormick)
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