Franklin Resources Q3 Profit Drops 26%; Yet Tops Estimate - Update

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30 July 2009 4:33 PM ( 193 days ago)
Asset management company Franklin Resources Inc. (BEN), Thursday reported a 26% decline in net profit for the third quarter as revenues dropped 29%, while assets under management shrunk from last year. Earnings, though down from last year, came in well ahead of Street estimates, while revenues fell ...
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