08:49 AM EST, 01/31/2025 (MT Newswires) -- Franklin Resources ( BEN ) reported fiscal Q1 adjusted earnings Friday of $0.59 per diluted share, down from $0.65 a year earlier.

Analysts polled by FactSet expected $0.53.

Operating revenue for the quarter ended Dec. 31 was $2.25 billion, up from $1.99 billion a year earlier.

The company's shares were up more than 2.5% in recent Friday premarket activity.