Franklin Resources Q1 Profit Surpasses Consensus with Net Inflows

Franklin Resources reported Q1 adjusted EPS of $0.70, exceeding the $0.55 consensus estimate. The result reflected a return to quarterly long-term net inflows. Revenue also surpassed expectations, rising from $0.67 in Q4 and $0.59 in the same period last year. The asset management giant's performance was driven by strong inflows, which helped boost earnings and revenue.