Franklin Resources reports Q1 adjusted EPS 59c, consensus 53c

Reports Q1 revenue $2.25B, consensus $2.49B. “Our first fiscal quarter results demonstrated progress across key growth areas, enabling us to meet the evolving needs of our clients, amid heightened market volatility,” said Jenny Johnson, President and CEO of Franklin Resources (BEN), Inc. “Long-term inflows improved by 34% from the prior year quarter and we generated positive net flows in equity, multi-asset and alternatives, totaling a combined $17 billion during the quarter. While long-term net outflows were $50 billion, excluding Western Asset Management, our long-term net inflows were $18 billion and positive in every asset class.”