UPDATE: Franklin Resources FQ3 Profit Surges 21%
July 29, 2013 at 08:48 AM EDT
Franklin Resources (NYSE: BEN ) reported a 21% rise in its fiscal third-quarter profit. Franklin Resources' quarterly profit surged to $552.3 million, or $0.86 per share, versus $455.3 million, or $0.71 per share, in the year-ago period. Its revenue rose to $2.08 billion from $1.78 billion. However, analysts were