Franklin Resources, Inc
Franklin Resources, Inc.
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Franklin Resources, Inc. Announces Third Quarter Results

From: Franklin Resources, Inc.
Contact: Lisa Gallegos
Telephone:(650) 312-3395

San Mateo, CA, July 26, 2007 - Franklin Resources, Inc. (Franklin Templeton Investments) (NYSE: BEN) today announced net income of $479.8 million, or $1.91 per share diluted, on revenues of $1,639.8 million for the quarter ended June 30, 2007. In the quarter ended March 31, 2007, net income was $440.9 million, or $1.73 per share diluted, on revenues of $1,509.0 million. For the quarter ended June 30, 2006, net income was $371.4 million, or $1.41 per share diluted, on revenues of $1,317.3 million.

Operating income for the quarter ended June 30, 2007 was $539.5 million, as compared to $499.1 million for the prior quarter and $452.0 million for the quarter ended June 30, 2006. The company’s non-operating income for the quarter ended June 30, 2007 included $105.3 million of investment and other income, net, as compared to $100.9 million in the prior quarter and $52.3 million for the quarter ended June 30, 2006.

Assets under management by the company’s subsidiaries were $624.0 billion at June 30, 2007, as compared to $576.0 billion at March 31, 2007 and $490.1 billion at June 30, 2006. Simple monthly average assets under management during the quarter ended June 30, 2007 were $605.5 billion, as compared to $563.7 billion in the preceding quarter and $494.6 billion in the same quarter a year ago. Equity assets comprised 60% of total assets under management at June 30, 2007, March 31, 2007 and June 30, 2006. Fixed-income assets comprised 21% of total assets under management at June 30, 2007 and March 31, 2007, as compared to 22% at June 30, 2006. Hybrid assets accounted for 18% of total assets under management at June 30, 2007 and March 31, 2007, as compared to 17% at June 30, 2006. Sales exceeded redemptions by $15.9 billion for the quarter ended June 30, 2007, as compared to $10.9 billion for the prior quarter and $1.3 billion for the comparable quarter a year ago.

(The preceding paragraphs only represent a portion of the press release.)

View the entire press release

Update to 3rd Quarter Earnings(PDF, 48k)