Franklin Resources (NYSE:BEN) reported fiscal Q3 adjusted earnings of $0.63 per diluted share, down from $0.82 a year earlier.
Analysts polled by Capital IQ expected $0.60.
Operating revenue for the quarter ended June 30 was $1.97 billion, compared with $2.03 billion a year earlier. Three analysts surveyed by Capital IQ expected $1.91 billion.