Investing.com - Franklin Resources reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Franklin Resources announced earnings per share of $0.7 on revenue of $1.19B. Analysts polled by Investing.com anticipated EPS of $0.55 on revenue of $1.25B.
Franklin Resources shares are down 19% from the beginning of the year and are trading at $21.02 , down-from-52-week-high.They are under-performing the S&P 500 which is up 0.27% 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 July 14, who reported EPS of $1.38 on revenue of $33.82B, compared to forecasts EPS of $1.15 on revenue of $30.41B.
UnitedHealth had beat expectations on July 15 with second quarter EPS of $7.12 on revenue of $62.14B, compared to forecast for EPS of $5.28 on revenue of $63.48B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar